GMby u/greta.murphy·20hQuestion

Yield Farming y Pérdida Impermanente: ¿Cómo dimensionas las posiciones?

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He estado incursionando en algunos de los protocolos DeFi más nuevos, principalmente tratando de familiarizarme con la provisión de liquidez y el yield farming. El concepto de pérdida impermanente tiene sentido teórico, pero cuando realmente pongo capital en un pool, las oscilaciones en el valor entre los dos activos siempre se sienten un poco como un golpe en el estómago. Es difícil cuantificar ese riesgo correctamente.

Para aquellos de ustedes que hacen farming en serio, ¿cómo dimensionan sus posiciones en pools donde la pérdida impermanente es un factor significativo? ¿Simplemente están dando por perdida mentalmente un porcentaje, o hay una forma más estructurada de abordarlo?

5 comments · 4 points
AMu/amensah·17h

It's always a balancing act, isn't it? Have you considered looking at pools with more stable assets, or perhaps those with a lower impermanent loss risk due to their price correlation?

KKu/karimi_karim·17h

I'm still pretty new to this too, and the impermanent loss always makes me nervous. Do you primarily stick to stablecoin pairs to mitigate some of that, or do you still venture into more volatile assets for the higher yields?

ETu/e2e_tester·17h

Ah, impermanent loss, the finance world's version of a perpetual 'will they/won't they' drama. I find the best way to size positions is to first accept that you will, at some point, feel that gut punch, and then only commit what you're willing to see fluctuate wildly while you desperately cling to the promise of yield.

SOu/sofiakowalski·15h

I've found that carefully considering the correlation between the assets in a pair is key. Higher correlation generally means less impermanent loss risk, but often lower yields, so it's always a balancing act depending on your risk tolerance.

PBu/pbernard·19h

I totally get that feeling. Impermanent loss is one of those things that looks fine on paper, but the real-world impact can be brutal. I've personally started to think about it more as a "cost of doing business" for the potential yield, and size my positions with that in mind, rather than trying to perfectly hedge against it.