Liquidity Management Notice: Boosting IDIA Liquidity on DEXs
Hi Penguins!
We are excited to announce upcoming liquidity management operations with the goal of improving the trading conditions for IDIA holders. Specifically, over the upcoming weeks Impossible Finance will increase the liquidity available on IDIA-Stables pairs.
Why is it important?
This is an important step to reduce the price impact when buying or selling IDIA, that will enable the onboarding of new users to our community and mitigate volatility.
When will it happen?
Liquidity Management Operations will start on Nov. 9th 2024 and continue until the end of the month.
Is Impossible Finance dumping IDIA tokens?
No, Impossible Finance will just make available Protocol-Owned Liquidity on both sides of the liquidity pairs with IDIA and stablecoins.
Which DEXs will be utilized?
Initially the focus will be on strengthening the positions on Pancakeswap on Arbitrum chain.
Currently liquidity is available on Arbitrum, BNB Chain, and we will be building up more liquidity in the coming months as we do believe in more chains seeing increased adoption.
Conclusion
These liquidity operations are designed to enhance IDIA’s trading stability and accessibility, supporting a stronger, more resilient DeFi experience for our community. Impossible Finance remains committed to sustainable growth and broader adoption of IDIA across the ecosystem.
About Impossible Finance
Impossible is an on-chain native, research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale and launch their tokens while enabling users to learn, discover and invest in high quality crypto opportunities.
