Anyone who tells you impermanent loss is no big deal because swap fees make up for it, show them this graph.
LP returns in the $YFI/ETH pool on Uniswap.
After accounting for swap fees, an LP would have suffered -40% loss vs +30% gains without IL.
LP returns in the $YFI/ETH pool on Uniswap.
After accounting for swap fees, an LP would have suffered -40% loss vs +30% gains without IL.
Meanwhile, check out APY for the $YFI pool on uniswap.info.
Supposedly it's +29.62%
Only off by -70% 🙄
LPs are led to believe they're earning high APY, when in reality, they could be suffering heavy net losses vs. holding.
Supposedly it's +29.62%
Only off by -70% 🙄
LPs are led to believe they're earning high APY, when in reality, they could be suffering heavy net losses vs. holding.
One more: $CEL/ETH
Cool! +39.52%
Oops! More like -10.42%
Cool! +39.52%
Oops! More like -10.42%
source for these graphs: amm.vav.me
• • •
Missing some Tweet in this thread? You can try to
force a refresh
