Total Value Locked$2,361
TVL by Chain
Base$1,655
Unichain$536.08
Hyperliquid L1$101.77
Arbitrum$68.51
Key Metrics
Cumulative Fees$25,929
Cumulative Fees by chain
Base$25,865
Hyperliquid L1$64
Unichain$0
Cumulative Revenue$2,587
Cumulative Revenue by chain
Base$2,584
Hyperliquid L1$3
Unichain$0
Cumulative Holders Revenue$0
Cumulative Holders Revenue by chain
Base$0
Hyperliquid L1$0
Unichain$0
Active Loans$159.27
Protocol Information
Impermax is a DeFi ecosystem that enables liquidity providers to leverage their LP tokens
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: 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
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
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 V3 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Mar 29, 2025 to Nov 4, 2026.
All-time high TVL: $2.5m on Nov 4, 2025. All-time low TVL: $1,112 on Jul 2, 2025.
Daily TVL, Oct 6, 2026 to Nov 4, 2026
| Date | TVL |
|---|---|
| Oct 6, 2026 | $2,466 |
| Oct 7, 2026 | $2,401 |
| Oct 8, 2026 | $2,377 |
| Oct 9, 2026 | $2,318 |
| Oct 10, 2026 | $2,341 |
| Oct 11, 2026 | $2,354 |
| Oct 12, 2026 | $2,378 |
| Oct 13, 2026 | $2,340 |
| Oct 14, 2026 | $2,356 |
| Oct 15, 2026 | $2,301 |
| Oct 16, 2026 | $2,314 |
| Oct 17, 2026 | $2,300 |
| Oct 18, 2026 | $2,299 |
| Oct 19, 2026 | $2,310 |
| Oct 20, 2026 | $2,298 |
| Oct 21, 2026 | $2,338 |
| Oct 22, 2026 | $2,415 |
| Oct 23, 2026 | $2,373 |
| Oct 24, 2026 | $2,366 |
| Oct 25, 2026 | $2,352 |
| Oct 26, 2026 | $2,330 |
| Oct 27, 2026 | $2,331 |
| Oct 28, 2026 | $2,352 |
| Oct 29, 2026 | $2,348 |
| Oct 30, 2026 | $2,256 |
| Oct 31, 2026 | $2,260 |
| Nov 1, 2026 | $2,274 |
| Nov 2, 2026 | $2,282 |
| Nov 3, 2026 | $2,246 |
| Nov 4, 2026 | $2,261 |
TVL at each month end, Mar 2025 to Nov 2026
| Date | TVL |
|---|---|
| Mar 31, 2025 | $818,445 |
| Apr 30, 2025 | $947,316 |
| May 31, 2025 | $3,669 |
| Jun 30, 2025 | $1,763 |
| Jul 31, 2025 | $313,574 |
| Aug 31, 2025 | $949,006 |
| Sep 30, 2025 | $1.41m |
| Oct 31, 2025 | $2.41m |
| Nov 30, 2025 | $806,988 |
| Dec 31, 2025 | $672,064 |
| Jan 31, 2026 | $230,917 |
| Feb 14, 2026 | $98,180 |
| Aug 31, 2026 | $2,441 |
| Sep 30, 2026 | $2,415 |
| Oct 31, 2026 | $2,260 |
| Nov 4, 2026 (latest) | $2,261 |
Fees, revenue and holders revenue by UTC calendar month, Oct 2025 to Jan 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Oct 2025 | $2,521 | $251 | $0 |
| Nov 2025 | $9,613 | $961 | $0 |
| Dec 2025 | $2,895 | $287 | $0 |
| Jan 2026 | $10,900 | $1,088 | $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-v3
Frequently asked questions
What is Impermax V3's TVL?
As of Nov 4, 2026, Impermax V3 has $2,361 in total value locked. TVL has decreased 4.9% over the past 30 days.
What chains does Impermax V3 operate on?
Impermax V3 operates on 4 chains: Base, Unichain, Hyperliquid L1, and Arbitrum. Base holds the largest share at 70.1%.
How does Impermax V3's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Impermax V3 ranks #356 by TVL. The category holds $52.203b across 520 protocols, and Impermax V3 accounts for <0.1% of that total. Similar protocols include Morpho Blue, Euler V2, Compound V3, Venus Core Pool, Teller, TermMax, Timeswap V2, PWN, Aave V3, and Fluid Lending.
How much has been borrowed through Impermax V3?
As of Nov 4, 2026, Impermax V3 has $159.27 in active loans.
Has Impermax V3 ever been exploited?
Impermax V3 has 2 recorded security incidents. The most recent incident occurred on Nov 11, 2025 and involved $380,000. It was classified as Protocol Logic.