Impossible Finance is a revolutionary cryptocurrency project aimed at creating better financial instruments for the world. The core of the project revolves around yield and autonomous community creation, with a particular emphasis on defi yield protocols and low-IL asset pools. The first Impossible Finance products aim to provide an unbeatable yield compared to traditional finance, leveraging assets like EUR and JPY stablecoins, as well as non-dividend yielding synthetics like synthetic TSLA.
Impossible Finance's Key Products
Yield Products and StableXswap
The first wave of "Impossible Yield" products is powered by Impossible Finance's stablecoin swap, StableXswap. The project takes inspiration from successful platforms like Aave and Synthetix, integrating a variety of synthetic assets, lending protocols, and cross-chain solutions to aggregate liquidity. The generated yield from the stable EUR, JPY, or TSLA pools is intended to be unmatched by traditional financial services.
SSIDOs and Fundraising
Impossible Finance also tackles the critical issue of fundraising in the crypto world. Following a wave of ICO scams in 2017, Impossible Finance proposes the launch of self-sustaining-initial-dex-offerings, or SSIDOs. This innovative approach uses the yield from AMMs and partner protocols to allow a project that raises funds to become self-sustaining, eliminating the need for continuous fundraising or reliance on traditional investment funds. Projects that raise funds through this system also benefit from automatic transparent banking and access to steady liquidity.
Impossible Finance's Mission
Impossible Finance is committed to providing better financial instruments for everyone, from traders and investors to projects and protocols. The project is grounded in the understanding that retail users need financial services that do not sacrifice user autonomy, and that encouraging yield is a more viable strategy than accepting dividend-less holdings. With its innovative products and dedication to solving critical issues in the crypto sphere, Impossible Finance stands at the forefront of the financial revolution.
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