Ask about Impermax Finance · freeTotal Value Locked$492,753
TVL by Chain
Polygon$152,383
Ethereum$114,830
Base$80,092
Avalanche$73,243
Arbitrum$37,164
OP Mainnet$13,705
Fantom$10,196
Sonic$7,233
ZKsync Era$2,750
Unichain$459
Scroll$366
Linea$230
Hyperliquid L1$94
Mantle$8
Moonriver$0
Canto$0
Blast$0
Key Metrics
Cumulative Fees$3.86m
Cumulative Fees by chain
Sonic$2.64m
Base$700,694
Avalanche$146,642
Scroll$126,905
Arbitrum$120,548
Polygon$33,103
OP Mainnet$32,025
Fantom$30,622
re.al$25,043
Linea$4,404
Ethereum$3,468
Unichain$504
Hyperliquid L1$64
Blast$39
ZKsync Era$0
ZKsync Lite$0
Cumulative Revenue$664,185
Cumulative Revenue by chain
Sonic$527,981
Base$80,420
Avalanche$16,315
Scroll$12,691
Arbitrum$11,733
Polygon$3,720
re.al$3,613
OP Mainnet$3,194
Fantom$3,075
Ethereum$705
Linea$676
Unichain$50
Blast$9
Hyperliquid L1$3
ZKsync Era$0
ZKsync Lite$0
Cumulative Holders Revenue$0
Cumulative Holders Revenue by chain
Arbitrum$0
Avalanche$0
Base$0
Blast$0
Ethereum$0
Fantom$0
Hyperliquid L1$0
Linea$0
OP Mainnet$0
Polygon$0
re.al$0
Scroll$0
Sonic$0
Unichain$0
ZKsync Lite$0
$IBEX Volume 24h$0
CEX Volume$0
DEX Volume$1.12
Active Loans$138
Treasury$3.33
Majors$2.86
Stablecoins$0.00027
Own Tokens$0
Others$0.47
Protocol Information
One-click access to DeFi yield farming with no risk of impermanent loss
- Impermax V2Lending
- Impermax V3Lending
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees: Fees is the interest rate paid by borrowersView code on GitHubRevenue: Percentage of interest going to treasury, based on each lending pool's reserve factor.View code on GitHubHolders Revenue: View code on GitHubHacks
Date: Apr 26, 2025
Protocol: Impermax V3
Amount: $300,000
Classification: Token & Share Accounting
Technique: Incorrect Fee Accounting
On April 26, 2025, Impermax V3 on Base was exploited for $300K via fee accounting mismatch in collateral valuation. Attacker manipulated LP pool price ticks, accumulated fees, then overborrowed against LP collateral with incorrectly valued uncollected fees.
Chains: Base
Language: Solidity
Target Type: DeFi Protocol
Date: Nov 11, 2025
Protocol: Impermax V3
Amount: $380,000
Classification: Protocol Logic
Technique: Liquidation Logic Flaw
On November 11, 2025, Impermax V3 on Base suffered a $380K exploit. The attacker created tiny positions in low-liquidity cbBTC-tBTC pairs to push totalBalance toward zero, collapsing the exchange rate and enabling exponential minting of borrowable tokens. When totalBalance hit zero, all deposits were redirected to the attacker.
Chains: Base
Language: Solidity
Target Type: DeFi Protocol
Competitors
Impermax Finance history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Mar 2, 2021 to Nov 13, 2026.
All-time high TVL: $80.45m on Mar 6, 2022. All-time low TVL: $265,401 on Mar 2, 2021.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $578,157 |
| Oct 16, 2026 | $578,858 |
| Oct 17, 2026 | $575,368 |
| Oct 18, 2026 | $571,379 |
| Oct 19, 2026 | $570,770 |
| Oct 20, 2026 | $568,821 |
| Oct 21, 2026 | $576,804 |
| Oct 22, 2026 | $576,640 |
| Oct 23, 2026 | $539,861 |
| Oct 24, 2026 | $540,805 |
| Oct 25, 2026 | $536,158 |
| Oct 26, 2026 | $532,779 |
| Oct 27, 2026 | $532,010 |
| Oct 28, 2026 | $536,699 |
| Oct 29, 2026 | $536,502 |
| Oct 30, 2026 | $519,326 |
| Oct 31, 2026 | $524,531 |
| Nov 1, 2026 | $524,997 |
| Nov 2, 2026 | $524,559 |
| Nov 3, 2026 | $520,418 |
| Nov 4, 2026 | $521,893 |
| Nov 5, 2026 | $539,292 |
| Nov 6, 2026 | $516,373 |
| Nov 7, 2026 | $517,430 |
| Nov 8, 2026 | $516,755 |
| Nov 9, 2026 | $505,699 |
| Nov 10, 2026 | $506,630 |
| Nov 11, 2026 | $498,675 |
| Nov 12, 2026 | $496,532 |
| Nov 13, 2026 | $500,163 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $22.48m |
| Jan 31, 2025 | $19.83m |
| Feb 28, 2025 | $12.01m |
| Mar 31, 2025 | $9.42m |
| Apr 30, 2025 | $8.52m |
| May 31, 2025 | $9.1m |
| Jun 30, 2025 | $10.37m |
| Jul 31, 2025 | $19.84m |
| Aug 31, 2025 | $14.51m |
| Sep 30, 2025 | $8.63m |
| Oct 31, 2025 | $5.92m |
| Nov 30, 2025 | $2.89m |
| Dec 31, 2025 | $2.44m |
| Jan 31, 2026 | $1.32m |
| Feb 28, 2026 | $905,643 |
| Mar 31, 2026 | $822,575 |
| Apr 30, 2026 | $837,183 |
| May 31, 2026 | $707,823 |
| Jun 30, 2026 | $654,258 |
| Jul 31, 2026 | $657,724 |
| Aug 31, 2026 | $536,146 |
| Sep 30, 2026 | $605,037 |
| Oct 31, 2026 | $524,531 |
| Nov 13, 2026 (latest) | $500,163 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $41.75m |
| Dec 31, 2022 | $5.06m |
| Dec 31, 2023 | $3.32m |
| Dec 31, 2024 | $22.48m |
| Dec 31, 2025 | $2.44m |
Fees, revenue and holders revenue by UTC calendar month, Feb 2024 to Jan 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2024 | $9,732 | $968 | — |
| Mar 2024 | $4,950 | $490 | — |
| Apr 2024 | $27 | $0 | — |
| May 2024 | $4,611 | $460 | — |
| Jun 2024 | $35 | $0 | — |
| Jul 2024 | $13,791 | $1,380 | — |
| Aug 2024 | $5,539 | $551 | — |
| Sep 2024 | $73,301 | $7,323 | — |
| Oct 2024 | $119,317 | $13,301 | — |
| Nov 2024 | $128,512 | $19,099 | — |
| Dec 2024 | $125,575 | $13,924 | — |
| Jan 2025 | $103,309 | $11,647 | — |
| Feb 2025 | $46,870 | $5,280 | — |
| Mar 2025 | $28,469 | $3,370 | — |
| Apr 2025 | $19,434 | $2,258 | — |
| May 2025 | $32,094 | $3,808 | — |
| Jun 2025 | $38,396 | $5,053 | — |
| Jul 2025 | $94,436 | $12,095 | — |
| Aug 2025 | $115,388 | $12,390 | $0 |
| Sep 2025 | $31,795 | $3,858 | $0 |
| Oct 2025 | $35,762 | $4,967 | $0 |
| Nov 2025 | $38,221 | $6,458 | $0 |
| Dec 2025 | $254,790 | $49,211 | $0 |
| Jan 2026 | $2.46m | $478,463 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/impermax-finance
Frequently asked questions
What is Impermax Finance's TVL?
As of Nov 13, 2026, Impermax Finance has $492,753 in total value locked. TVL has decreased 16.3% over the past 30 days.
What chains does Impermax Finance operate on?
Impermax Finance operates on 19 chains: Polygon, Ethereum, Base, Avalanche, and Arbitrum and 14 others. Polygon holds the largest share at 30.9%.
What is the IBEX token price and valuation?
Supply currently stands at 72.25m circulating, 72.25m total supply, 87.25m maximum supply.
How has IBEX performed recently?
IBEX is down 8.2% over the past 7 days and down 16.9% over the past 30 days. Its all-time high is $0.11, reached on Jan 20, 2025.
How does Impermax Finance's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Impermax Finance ranks #142 by TVL. The category holds $46.721b across 519 protocols, and Impermax Finance accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, Tarot, Compound V3, Euler V2, Ajna V2, PWN, Timeswap V2, Venus Core Pool, and OmniBTC.
How much has been borrowed through Impermax Finance?
As of Nov 13, 2026, Impermax Finance has $138 in active loans.
Does Impermax Finance have a treasury?
Impermax Finance has a tracked treasury currently valued at $3.33. Its holdings include $0.00027 in stablecoins, $2.86 in major assets, $0.47 in other assets.
Has Impermax Finance ever been exploited?
Impermax Finance has 2 recorded security incidents. The most recent incident occurred on Nov 11, 2025 and involved $380,000. It was classified as Protocol Logic.