Yeah, the whole IL thing when one of the pair is volatile is a bit of a gotcha when one computes that the high APY's are to compensate for the Impermanent Loss. In other news, Sushiswap has moved up to 2 in TVL
It's cool, let's do this, General discussion of various projects in DeFi: https://www.elitetrader.com/et/threads/defi-going-bankless.349553/
Very nice on Sushiswap! Uniswap is hurting big time. Does anyone talk about Impermanent Win? Both Cream and Eth went up in value the past 3 days, so my crazy returns were boosted as a result, lol Edit: forgot to put into context, when I exited the pool, I gained over 7 Cream tokens and gained over 8 Eth coins. Even though Eth is higher $ price, Cream actually gained more %-wise so I got more coins of the less performer, but I did not lose coins on either pair. This is strictly on the Cream/Weth LP as the other 2 LP's are single-asset (Cream) LP convertibles.
Yes, yes! YFI is gonna go to $100K, almost guaranteed by the TA experts I'm thinking of fomoing and buying at least 1 whole YFI as a long term hodl, it's got some asset vaulting, savings, products services, that I have not looked into, maybe too much for my low IQ. That's a great thread!