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Understanding Impermanent Loss in DeFi
Impermanent loss occurs when you provide liquidity to a DEX and the price of your deposited assets changes compared to when you deposited them. It's essentially the difference in value between holding your tokens versus providing them to a liquidity pool, and it becomes 'permanent' if you withdraw your funds at a loss.
2 comments · 12 points
That's a good summary. I've always found it interesting how the 'impermanent' part is really just a theoretical loss until you exit the pool, making timing crucial for LPs.