Hi, my name is Frank and I am BizDev at Impermax.
After speaking with BradDy and Romy about my proposal, we have agreed this should be taken to the attention of the DAO for an official move forward.
We have a very interesting, value added proposal to give the MIM tokens additional traction and exposure into the arbitrum ecosystem.
First, what is Impermax? We are a lending/borrowing protocol for LP’s. For lenders, it means a chance to lend their tokens at no risk, and getting a return on their tokens. For borrowers, it means the chance to increase their exposure while using lenders tokens to convert them into additional LP’s to gain more fees/rewards in providing LP’s. It’s without saying Impermax is having a 2 years history without hack, bad debt and is audited twice.
With the current history of the existing sushiswap pools, I believe MIM borrowers could aim at 80-250% APR and MIM lenders could aim at 6-18% APR with well deployed and promoted pairs on our platform. I strongly believe it to be a very valuable proposition for lenders to generate yield at no risk. The reason I am here is to request MIM DAO to place 20k of MIM on the lend side (no risk) and we would do the same with ETH, in order to initiate the momentum.
Consequently, one LP could come and use that money to increase his exposure and aim at yielding triple digits APR.
Besides a little co-marketing upon launch, there is literally no cost for both sides.
Finally, as suggested by Romy, after the successful deployment of the pair, we could also aim at deploying the sAMM (stable pairs) of the MIM ecosystem. We believe users are more than pleased to generate 6-15%+ on stables during these difficult macros conditions, especially in a decentralized and permissionless proven protocol.
- DAO places 20k of MIM at no risk on the lend side of Sushi/Arbitrum already deployed pool on Impermax;
- Impermax does the same and places 20k of ETH on the lend sidel;
- We both co-market it over our respective twitter/discord with coordination to maximize exposure; 3.1) Lenders enjoy high APR at no risk while borrowers do what they were already doing but with highers returns
- Both BizDev teams speak again in 1-3 weeks, post launch, to analyze the success and launch the stable pairs accordingly.