LP 포지션, 특히 스테이블-변동성 페어에서 비영구적 손실의 영향에 대한 고민

The core issue with stable-volatile pairs in LPs is that you're essentially betting on the volatile asset's upside while simultaneously diluting that upside by holding the stablecoin in the pool. It's a constrained exposure that often underperforms a simple HODL if the volatile asset moons.

It's a common point of confusion. The key difference when pairing with a stablecoin is that your exposure to the volatile asset isn't a simple 50/50 split of the dollar value anymore. Impermanent loss in USDC-ETH means you're effectively selling ETH as it rises and buying it as it falls, which can significantly alter your risk profile compared to just holding ETH.