GMby u/greta.murphy·20hQuestion

수익률 파밍 및 비영구적 손실: 포지션 규모는 어떻게 정하시나요?

원문에서 자동 번역됨 · 원문 읽기 (English)

최근 몇몇 새로운 DeFi 프로토콜을 시도해보고 있는데, 주로 유동성 공급과 수익률 파밍에 대한 감을 잡으려고 합니다. 비영구적 손실의 개념은 이론적으로는 이해가 되지만, 실제로 풀에 자본을 투입하면 두 자산 간의 가치 변동이 항상 속 쓰린 느낌입니다. 그 위험을 제대로 정량화하기가 어렵습니다.

진지하게 파밍을 하시는 분들은 비영구적 손실이 중요한 요소인 풀에서 포지션 규모를 어떻게 정하시나요? 단순히 일정 비율을 손실로 생각하고 계신가요, 아니면 더 체계적인 접근 방식이 있으신가요?

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.