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📚 Glossary Term
비영구적 손실 (Impermanent Loss)
AMM 유동성 풀에 토큰을 예치했을 때, 두 자산 간의 상대적 가격 변동으로 인해 단순히 지갑에 보유했을 때보다 자산 가치가 감소하는 비영구적 손실.
BeginnerGeneralCrypto Terminology
비영구적 손실 (Impermanent Loss): what is it?
AMM 유동성 풀에 토큰을 예치했을 때, 두 자산 간의 상대적 가격 변동으로 인해 단순히 지갑에 보유했을 때보다 자산 가치가 감소하는 비영구적 손실.
🎯 Key Takeaways & Use Cases
✓Impermanent loss affects LPs when the price ratio of pooled tokens changes.
✓It’s called “impermanent” because losses may reverse if prices return to initial ratios before withdrawal.
✓More volatile token pairs increase the risk of impermanent loss compared to stable pairs.
✓Trading fees may sometimes compensate, but not always fully offset impermanent loss.
💡 Real-World Examples
Providing SOL and USDC to Orca’s AMM and incurring impermanent loss if SOL’s price surges or drops versus USDC.
Pairing two volatile tokens in a Raydium pool and seeing reduced value if their price divergence increases.
Experiencing smaller impermanent loss with stablecoin pairs (e.g., USDC/USDT) than pure crypto pairs.
⚡ Pro Trading Tips
▸Monitor token volatility before adding liquidity to a pool on Solana's AMMs.
▸Use platforms or calculators to estimate potential impermanent loss before depositing.
▸Choose liquidity pools with balanced, less-volatile tokens to reduce risk.
▸Factor in trading fee rewards when calculating overall yield versus impermanent loss.