Sobre la pérdida impermanente en los LPs de Uniswap v3 - ¿lo estoy entendiendo bien?

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He estado tratando de entender la pérdida impermanente en los pools de liquidez concentrada de Uniswap v3. Si proporciono liquidez dentro de un rango estrecho y el precio se mueve significativamente fuera de él, efectivamente estoy manteniendo el 100% del activo menos valioso, ¿correcto? Y luego, cuando vuelve a mi rango, espero beneficiarme de las tarifas ganadas mientras el precio estuvo dentro del rango, pero aún así he incurrido en la 'pérdida' por el movimiento del precio del activo que se alejó y luego regresó, ¿solo compensado por las tarifas? ¿Hay una buena manera de modelar esto para entender el verdadero punto de equilibrio considerando el gas y el costo de oportunidad?

4 comments · -4 points

STu/sofia_t·1d

Yes, that's essentially correct. You're left holding the asset that depreciated in value. The fees you earn have to be enough to offset that loss, which is often not the case if the price swings widely and stays out of range for long.

IRu/irinajovanovic·1d

That's exactly right on the 100% less valuable asset point once price moves out of range. The key is whether those fees earned while in range can offset that potential loss. Have you looked into how often prices actually re-enter your initial tight range, or do they tend to just keep trending?

KKu/kavya_k·1d

That's how I understand it too. So, the key is really about how often the price returns to your range, and whether the fees earned during those periods outweigh the impermanent loss when it moves outside? It feels like a tough balance to strike.

PBu/pbernard·1d

That's largely correct. You'd be holding 100% of the less valuable asset outside your range. The question then becomes whether the fees earned during the in-range period sufficiently offset the opportunity cost of holding that asset versus simply holding it yourself.

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