am down 5% on my total assets in the past month doing liquidity mining BTC-DFI despite the APR, rather than if I just held BTC instead of selling 50% to buy defi and use for LM…any tactics?
That’s essentially what impermanent loss is. I know it’s not answering your question. But nobody can control market movements. Everything is down now. You could remove and hodl, but your impermanent loss becomes permanent once you do that. Btc-DFI for me is the “safest” because on one side, is the strongest coin, on the other side is the reason we’re all here. So whichever the values swing you get more or less of two valuable coins. But I also play a spread, and enter various LM pools. Diversify and average out. Eat a little volatility, but also have some stablecoin pairs. But that’s me.
The market will have its ups and downs. A month ago everyone was talking about how they kept having impermanent loss on DFI and they were losing their DFI. If you still believe in DFI and its strength, just hold your position and wait for DFI to turn around vs BTC
I already have a 40% impermanent loss on my USDT-DFI LP. 😭 At this point I'm treating LM like dividend stocks, u invest for the passive income and not the share price.
Just hold don't look we are all down I think! It gets worse before things get better
Well, if we turn around soon, you will have no impermanent loss but months of rewards.
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