Impermax (IMX)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: 29-4-2021

Audits & Exploits

• There is no evident bug bounty program (11-1-2022).
• Scored 75% on DeFi Safety (11-1-2021):

"Activity is 63 transactions a day on contract Router.sol. There is no explicit traceability between the software documentation and the source code. With a TtC ratio of 265%, this is clearly a well-tested protocol. No evidence of a Impermax Finance formal verification on the web or documentation."

With the comment: "We are happy to report that due to immutable code and some software documentation improvements, Impermax Finance has had its score increase from 65% to 75%!"

• Previously scored of 65% (8-6-2021): "Certik did an audit on them on April 27th 2021. CyberUnit did an audit on them January 18th 2020 that was updated February 8th 2021. Impermax Finance was officially launched April 29th 2021."

Bugs/Exploits

• From Blockthreat (28-7-2022):

"On July 16, 2022 Impermax Finance lost $6K to private key theft which appears to be part of a larger campaign netting bad actors at least $300K stolen from users across Ethereum, BSC, Polygon, Optimism, and other chains."

Governance

Admin Key

• From DeFi Safety (11-1-2021):

"The whitepaper indicates that their smart contracts are immutable. Code is indicated as immutable (therefore no pause control)."

Technology

• Whitepaper can be found here.
• Code can be viewed here. From DeFi Safety (11-1-2021):

"With 17 commits and 1 branch, this is not a healthy repository."

Implementations

• Built on: Arbitrum, Avalanche, Ethereum, Moonriver and Polygon (11-1-2022).

Roadmap

• Can be found [Insert link here].

Team, Funding, Partners

Team

• Full team can be found here (11-1-2022).

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