MultiversX Tracker is Live!

Can someone correct me if I'm wrong on my understanding of Liquid Swap

Binance

Cryptocoins Exchanges / Binance 267 Views

Hi everybody. So I added 32 LINK (only single asset) into the LINK/BTC liquid swap pool. I checked the pool and I noticed that if I were to redeem today, whether I redeem it as dual asset or single asset, I will be down 10%. I will only get 29 LINK back. Both BTC and LINK recovered approximately 80~100% in the past month since put it in the pool so how did I incur an impermanent loss of 10% (3 link)? If based on the $BALLER app, if both assets move up relatively closely, shouldnt I only incur an impermanent loss of around 1%? Or did I misunderstand the concept of LP? Can someone please correct me if I have misunderstood smth?

submitted by /u/JusTieST
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments