the rewards I've been earning or my total stake?
It's 1% of the lp or stake you remove from the farm
I've been researching impermanent loss, I'm very new to defi, I take it if we had EGLD-MEX LP staked while the EGLD price was coming down then it will buy more EGLD to balance the pool right? Does that mean the dollar total of my LP token comes down?
Check out this article and video explaining all about IL https://istarivision.medium.com/understanding-liquidity-and-liquidity-pools-4d4d3efa17a9 https://finematics.com/impermanent-loss-explained/
Depends what Mex did at the same time. It's the correlation of the pair that matters.
Mex has been slowly going up
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