NTby u/news_trader_max·9dQuestion

关于LP中的无常损失和对冲策略

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我一直在尝试在一些DEX上提供流动性,主要是在稳定币对或低波动性资产(如$wETH-$stETH)上,只是为了感受一下。收益耕作方面很有吸引力,但无常损失的概念在我真正看到它发生之前仍然感觉有点理论化。我读过白皮书并做过计算,但当资产价格大幅波动时,情况就不同了。

我的问题是针对那些积极管理较大LP头寸的人:你们是否采用任何特定的对冲策略来减轻潜在的无常损失,尤其是在波动性较大的交易对上?还是主要关于选择基本面强劲的正确池子,并将风险视为收益生成的一部分?我看到有人谈论使用期权或永续合约,但将其有效地与动态LP头寸联系起来似乎很复杂。

2 comments · 1 points
ZOu/zofia45·9d

Impermanent loss is definitely less theoretical when you've seen a few large market swings. It's often understated in the initial pitch for LPing, focusing more on the high APRs. Have you explored any specific delta-neutral strategies, or are you mostly looking at the stablecoin pairs for now?

RKu/riku.kang·9d

Even with stablecoin pairs, there can be impermanent loss if one asset de-pegs. For low-volatility assets, you still need to actively manage your position, especially if you're not hedging properly.

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