Impossible Finance is a decentralized incubator, launchpad, and swap ecosystem. Impossible Finance’s launchpad features the IDIA token (Impossible Decentralized Incubator Access) – a token used to govern and provide access into the allocations of its launchpad.
Users stake IDIA token into sector or other categories (NFT, Dexes, etc.) to get access to allocation into future launchpads – upon announcement of a category, a snapshot of stake weight is captured to give users pro-rata allocation – users then have the choice to redeem and pay stablecoins to capture this allocation, or actively choose to forego the allocation and rollover their stake weight to compound their exposure for the next launchpad.
Afterwards, there is a dutch auction to allow for some price discovery and users who did not stake in the prerequisite categories to get access to the project’s tokens.