원문에서 자동 번역됨 · 원문 읽기 (English)
Uniswap v3 집중 유동성 풀의 비영구적 손실에 대해 이해하려고 노력해왔습니다. 제가 좁은 범위 내에서 유동성을 제공하고 가격이 그 범위를 크게 벗어나면, 사실상 가치가 덜한 자산을 100% 보유하게 되는 것이 맞나요? 그리고 가격이 제 범위로 돌아오면, 가격이 범위 내에 있을 때 벌어들인 수수료로 이익을 얻기를 바라지만, 자산 가격이 벗어났다가 다시 돌아오면서 발생한 '손실'은 여전히 발생했고, 단지 수수료로 상쇄될 뿐인가요? 가스비와 기회비용을 고려하여 실제 손익분기점을 이해하기 위해 이를 모델링할 좋은 방법이 있을까요?
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.
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?
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.
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.
Traderforum · 한국어