DeFi articles
One article in DeFi, newest first, with the mechanism behind each one shown in full.
- DeFi6 min read
Only one number decides your impermanent loss
Divergence loss in a constant-product pool depends only on how two prices moved relative to each other, and it has a closed form short enough to memorise. Here is where it comes from, a worked example with every reserve shown, and the fee yield that pays for it.