Convert Impossible Finance IF to Georgian Lari GEL
IF to GEL: 1 Impossible Finance converts to GEL 0.006907 GEL as of September 21 at 10:15 PM
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About Impossible Finance
Impossible Finance is falling this week. The current price of Impossible Finance is GEL 0.006907 per IF. With a circulating supply of 10,086,744.947 IF, it means that Impossible Finance has a total market cap of GEL 69,710.09. The amount of Impossible Finance traded has risen by GEL 9.95 in the last 24 hours, which is a 68.79% increase. Additionally, in the last day, GEL 14.46 worth of IF has been traded.
The exchange rate of Impossible Finance is decreasing. The current value of 1 IF is GEL 0.006907 GEL. In other words, to buy 5 Impossible Finance, it would cost you GEL 0.034536 GEL. Inversely, GEL 1.00 GEL would allow you to trade for 144.78 IF while GEL 50.00 GEL would convert to 7,238.81 IF, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.61%. Meanwhile, in the last 24 hours, the rate has changed by 0.19%, which means that the highest exchange rate of 1 IF to GEL was GEL 0.007132 GEL and the lowest 24 hour value was 1 IF for GEL 0.00677 GEL. Last month, 1 IF was worth GEL 0.007072 GEL. Today, it's down 1.95%. Looking back a year, Impossible Finance has changed by GEL 0.01638 GEL. That means that in a single year, the value of Impossible Finance has shrank by 56.14%.
Impossible Finance Market Stats
The first two Impossible Finance products revolve around yield & autonomous community creation. Versus TradFi’s low yields, defi yield protocols have been a killer app, but impermanent loss still looms large. Instead, focusing on low-IL asset pools such as EUR and JPY stablecoins, where central banks have negative interest rates, or non-dividend yielding synthetics (hint: high growth stocks don’t have dividends) like synthetic TSLA, we propose the first wave of “Impossible Yield” products powered by our stablecoin swap, StableXswap. Taking a page out of Aave & Synthetix’ playbook, this also encourages us to integrate many synthetic assets, lending protocols, and cross-chain solutions to aggregate liquidity. This yield generated from stable EUR, JPY, or TSLA pools is unbeatable by TradFi, at least until the ECB changes policies, the Japanese population pyramid inverts, or Elon Musk changes his website’s FAQ. In early 2021, we saw Wall Street Bets clash with Robinhood & hedge funds, putting emphasis on addressing retail users’ needs without sacrificing user autonomy. Beyond avoiding business models that actively harm users (i.e. selling flow to frontrunners, or hiding spreads to mask fees), why would you ever accept dividendless holdings when defi can give you yield? That’s Impossible Finance: we’re hellbent on providing better financial instruments for the world. The second release of Impossible Finance products tackle crypto’s best killer app: fundraising. In the wake of 2017 ICO scams, Vitalik posited DAICOs, (DAO + ICOs), where project teams could raise smart- contract vested funds, provided they achieve certain milestones. Governors determined whether the team was still building, or else refund investors. However, 2018 lacked robust governance and voting portals (i.e.snapshot.page), let alone real products to invest in. Today, we propose the launch of self-sustaining- initial-dex-offerings, or SSIDOs. With the power of yield from our AMMs and partner protocols, a team that raises $10M with a $2M burn rate can be self-sustaining with just 20% APY, creating a new raise once, build forever model. The Andre’s of the world can find capital & liquidity and no longer need to rely on cexes and rent-seeking private investment funds to pay the bills. Meanwhile, vesting stable LP tokens from the fundraise stay within our AMM, which creates sticky TVL. Teams that raise via this system get automatically transparent banking, while traders get access to steady liquidity, anti-rugpull peace of mind. Our mission at Impossible Finance will be to continue finding win-wins for traders, investors, projects, and protocols alike.
Conversion tables
IF to GEL values from Today at 10:15 pm
0.5 IF = GEL 0.003454 GEL |
1 IF = GEL 0.006907 GEL |
5 IF = GEL 0.03454 GEL |
10 IF = GEL 0.06907 GEL |
50 IF = GEL 0.3454 GEL |
100 IF = GEL 0.6907 GEL |
500 IF = GEL 3.45 GEL |
1,000 IF = GEL 6.91 GEL |
GEL to IF values from Today at 10:15 pm
GEL 0.50 GEL = 72.39 IF |
GEL 1.00 GEL = 144.78 IF |
GEL 5.00 GEL = 723.88 IF |
GEL 10.00 GEL = 1,447.76 IF |
GEL 50.00 GEL = 7,238.81 IF |
GEL 100.00 GEL = 14,477.62 IF |
GEL 500.00 GEL = 72,388.10 IF |
GEL 1,000.00 GEL = 144,776.21 IF |
IF to GEL over time
IF | Today | 24H 99.69% | 1M 99.69% | 1Y 99.28% |
|---|---|---|---|---|
0.5 IF | GEL 0.003454 GEL | GEL 0.003477 GEL | GEL 0.003536 GEL | GEL 0.008192 GEL |
1 IF | GEL 0.006907 GEL | GEL 0.006954 GEL | GEL 0.007072 GEL | GEL 0.01638 GEL |
5 IF | GEL 0.03454 GEL | GEL 0.03477 GEL | GEL 0.03536 GEL | GEL 0.08192 GEL |
10 IF | GEL 0.06907 GEL | GEL 0.06954 GEL | GEL 0.07072 GEL | GEL 0.1638 GEL |
50 IF | GEL 0.3454 GEL | GEL 0.3477 GEL | GEL 0.3536 GEL | GEL 0.8192 GEL |
100 IF | GEL 0.6907 GEL | GEL 0.6954 GEL | GEL 0.7072 GEL | GEL 1.64 GEL |
500 IF | GEL 3.45 GEL | GEL 3.48 GEL | GEL 3.54 GEL | GEL 8.19 GEL |
1,000 IF | GEL 6.91 GEL | GEL 6.95 GEL | GEL 7.07 GEL | GEL 16.38 GEL |
Frequently asked questions
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