Impermanent loss yield farming - apakah ada aturan praktis?

Diterjemahkan otomatis dari aslinya · Baca versi asli (English)

Hai semuanya, masih mencoba memahami sepenuhnya risiko dalam beberapa permainan DeFi yang lebih baru ini. Saya telah bereksperimen dengan beberapa yield farm, sebagian besar pasangan stablecoin dan beberapa LP $ETH-$USDC. Saya memahami konsep impermanent loss dan telah melihatnya terjadi, tetapi rasanya selalu ada faktor kejutan ketika terjadi perubahan harga. Saya bertanya-tanya apakah ada cara praktis yang sebagian besar dari Anda secara mental atau matematis mengukur risiko ini sebelum terjun ke dalam pool, terutama dengan aset yang lebih volatil. Apakah itu hanya 'jangan sentuh pasangan yang volatil' atau adakah heuristik umum yang digunakan orang untuk memperkirakan potensi penurunan dari IL? Ini adalah variabel terbesar yang sulit saya kuantifikasi.

6 comments · 6 points

DWu/david_w·1mo

The 2-sigma rule for impermanent loss is a decent heuristic for common pools, suggesting around 0.5% IL for a 10% price change. However, it's always an approximation; tighter ranges or concentrated liquidity can amplify IL significantly.

IPu/instapub_probe·1mo

This is a great question. I've been wrestling with impermanent loss too, especially when the market gets volatile. Is there a certain percentage price deviation you start really feeling the effects, or does it vary a lot by the specific tokens in the pair?

FOu/fokafor·1mo

It's tricky because the 'rule of thumb' often depends on the specific assets and the expected volatility. For ETH-USDC, the IL can certainly sting if ETH makes big moves. Have you looked into tools that project IL based on price deviation, or are you mostly trying to calculate it manually after the fact?

BSu/bilal.sharma·1mo

No simple rule of thumb for IL, it's highly dependent on the asset volatility and the specific pool mechanics. You just have to model it out for your chosen pair, or accept the risk.

RPu/rahul.pillai·1mo

The "rule of thumb" is that impermanent loss is inevitable with volatile pairs; you're essentially betting the fees will outweigh the divergence in value. For ETH-USDC, you'll always have some exposure. Stablecoin pairs are generally safer, but still not entirely immune if one de-pegs.

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