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Impossible Finance launches its Impossible v2 Swap design for stablecoin swaps

Decentralized finance (DeFi) protocol Impossible Finance has revealed its v2 swap design for stablecoin swaps. Impossible v2 swap, aiming to provide LPs with better passive portfolio management through governance’s ability to precisely manage risk/reward based on market conditions, will be launched on June 18th.

The protocol uses a novel bonding curve we term “xybk invariant”, which essentially achieves an artificial inflation of Total Value Locked (TVL) in pools by a multiplier of boost times.

“For example, when x=token0balance=100, y=token1balance=100, boost=10, the pool has underlying assets of (100, 100), but exhibits the same swap slippage as a (1000, 1000) v2 uniswap pool,” the protocol explains.

On June 3, Impossible Finance announced that it raised $7 million via a seed funding round with participation from True Ventures, CMS Holdings, Alameda Research and Hashed.

Impossible Finance has the markings of a typical DeFi project, including the ability to stake on the network, token swaps and access to liquidity pools. Additionally, the project plans to become an incubator for other DeFi protocols.

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