Strategies for managing impermanent loss in LPs?
Hey everyone, still trying to wrap my head around some of the nuances in DeFi. I've been looking into providing liquidity on a few different pairs, mainly $ETH-$USDC and a newer altcoin pair, but the impermanent loss aspect still makes me a bit nervous. What are some effective strategies you all use to mitigate IL, especially with more volatile assets? Are there certain types of pools or protocols that offer better protection, or is it mostly about active management?
Yeah, IL is definitely a big one to consider. For ETH-USDC, I've seen some folks suggest using protocols that offer single-sided staking with some sort of IL protection, though the returns might be lower. For the altcoin pair, that's where it gets really tricky, sometimes the only "strategy" is being very selective about the project and hoping for the best.