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IBEX Token Utility

Holders can stake IBEX to receive profits generated by interest payments. IBEX is also a governance token that will give voting rights when governance is rolled out.

Revenue Sharing

All interest income on the platform is automatically split between lenders and protocol, with lenders collecting at least 80% and Impermax collecting up to 20% of each payment. There is also a 0.1% flat borrowing fee on each loan, which is similarly split. (Note: as an experiment this 0.1% borrowing fee has been removed on some networks, such as Avalanche.)
Protocol revenues are currently distributed to token holders through staking. Learn more about Staking.

Governance

As the governance system is rolled out IBEX token holders will have full control of the ongoing income generated by the platform, allocating it to fund proposals or taking profits as they wish.
The IBEX token is a simple governance token based on the model of other DeFi lending projects like Compound. IBEX holders will have sole voting rights on project governance.