Defrost should collateralize Impermax vaults

Impermax is a leveraged yield farm, where lenders can supply assets to farmers. Lenders typically earn higher than market rates because they’re based on yield farming rates. Stablecoin rates are typically about 20% APR but can spike to 100% APR at times. Yield farming in common pools can be as high as 1-2%/day.

Defrost needs ways to differentiate itself from Abracadabra and this is one way that it can do it. Impermax has $50mil TVL of users who are already familiar with leverage. I have no doubt that by integrating Impermax, we can design strategies that best the MIM/Anchor yields by good margin. Imagine how much capital would flow from Abracadabra…