the price is lower than my entry will I be acquiring an impermanent loss and re-staking everything or just adding a better entry point?
Nope it won’t help the situation. The loss is already made
So I should wait for the price to go up to the entry point so I can purchase and stake more LP correct?
Sorry if you added a
Sorry if you added LP, and the tokens in the LP drop, IL is present, suggest you wait for it to go up and then sell, or just hold through or add more LP
I staked Polis-Ray LP when POLIS was about $8 and RAY $11. I wanted to add more LP now that I purchased more POLIS at $7 and my question was: If I add more LP now, will the current staked suffer with IL? My position is long term so I don’t want to sell, just accumulate for now.
There’s no IL incurred until you remove the LP back to individual tokens. All is paper gains and losses
Yeah so if you want to accumulate then best is that add on LP. And hold.
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