Rank #2020

image Impossible Finance IF

$0.092251 -0.37%
All Time High All Time Low
$7.94September 16, 2022 $0.078381September 16, 2022
Market Cap $869,619.00
Total Volume $11,509.40
Fully Diluted Valuation $1,936,789.00
Circulating Supply 9,429,005
Total Supply 9,429,005
Max Supply 21,000,000
IF
USD

Impossible Finance Price Chart (IF)

IF Price Today

Impossible Finance price today is $0.092251 with a 24-hour trading volume of $11,509.40. IF price is down $-0.3663% in the last 24 hours. It has a circulating supply of 9,429,005 IF coins and a total supply of 9,429,005.

What Is Impossible Finance (IF)?

The first two Impossible Finance products revolve around yield & autonomous community creation. Versus TradFi’s low yields, defi yield protocols have been a killer app, but impermanent loss still looms large. Instead, focusing on low-IL asset pools such as EUR and JPY stablecoins, where central banks have negative interest rates, or non-dividend yielding synthetics (hint: high growth stocks don’t have dividends) like synthetic TSLA, we propose the first wave of “Impossible Yield” products powered by our stablecoin swap, StableXswap. Taking a page out of Aave & Synthetix’ playbook, this also encourages us to integrate many synthetic assets, lending protocols, and cross-chain solutions to aggregate liquidity. This yield generated from stable EUR, JPY, or TSLA pools is unbeatable by TradFi, at least until the ECB changes policies, the Japanese population pyramid inverts, or Elon Musk changes his website’s FAQ. In early 2021, we saw Wall Street Bets clash with Robinhood & hedge funds, putting emphasis on addressing retail users’ needs without sacrificing user autonomy. Beyond avoiding business models that actively harm users (i.e. selling flow to frontrunners, or hiding spreads to mask fees), why would you ever accept dividendless holdings when defi can give you yield? That’s Impossible Finance: we’re hellbent on providing better financial instruments for the world. The second release of Impossible Finance products tackle crypto’s best killer app: fundraising. In the wake of 2017 ICO scams, Vitalik posited DAICOs, (DAO + ICOs), where project teams could raise smart- contract vested funds, provided they achieve certain milestones. Governors determined whether the team was still building, or else refund investors. However, 2018 lacked robust governance and voting portals (i.e.snapshot.page), let alone real products to invest in. Today, we propose the launch of self-sustaining- initial-dex-offerings, or SSIDOs. With the power of yield from our AMMs and partner protocols, a team that raises $10M with a $2M burn rate can be self-sustaining with just 20% APY, creating a new raise once, build forever model. The Andre’s of the world can find capital & liquidity and no longer need to rely on cexes and rent-seeking private investment funds to pay the bills. Meanwhile, vesting stable LP tokens from the fundraise stay within our AMM, which creates sticky TVL. Teams that raise via this system get automatically transparent banking, while traders get access to steady liquidity, anti-rugpull peace of mind. Our mission at Impossible Finance will be to continue finding win-wins for traders, investors, projects, and protocols alike.

Impossible Finance Questions & Answers

What is Impossible Finance Price Today?
Impossible Finance price today is $0.092251
What was the highest price for Impossible Finance?
Impossible Finance hit an all time high of $7.94 on September 16, 2022
What was the lowest price for Impossible Finance?
Impossible Finance had an all time low of $0.078381 on September 16, 2022
What was the 24 hour trading volume of Impossible Finance?
The 24 hour trading volume of Impossible Finance is $11,509.40
Where can Impossible Finance be traded?
You can trade Impossible Finance on following exchanges.

Impossible Finance Info

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IF Price Statistics

Last Updated September 16, 2022 05:30 AM EDT
Impossible Finance Price Today $0.092251
Market Cap $869,619.00
Market Cap Rank 2020
Fully Diluted Valuation $1,936,789.00
Total Volume $11,509.40
24h High $0.099622
24h Low $0.092141
24h Change $-0.0003391534251278
24h Change% -0.3663%
Market Cap Change $-985.86895957636
Market Cap Change% -0.11324%
Circulating Supply 9,429,005
Total Supply 9,429,005
Max Supply 21,000,000
All Time High $7.94Sep 16, 2022
All Time Low $0.078381Sep 16, 2022