Impermanent loss in Defi is hitting me again

in LeoFinance3 years ago

Screenshot_20220224-144408_CoinGecko.jpg

Screenshot_20220224-144345_Trust Wallet.jpg

As you can see above the token of biswap is dropping like hell and I believe most of the coin is drastically dropping now. For me I truly believe this is the time for you to buy how much you able to buy and hope for the best.

But in my case the current situation is not so good as when I join this swap, I am at the 1Usd range of the price token. Now the price is dropping that means I am in impermanent loss.

Screenshot_20220224-145456_Trust Wallet.jpg

With current earning and current token price, I still in loss. If I gonna need to cover I need to wait the token to be double and if the price not dropping, I maybe can earn back what I loss.

Hopefully this is worth the wait and hopefully it will back to the all time high record.

From what I see this exchange is quite good and the most important is the fees is very small for every transaction and also you can get cash back for every transaction. Let's hope for the best.

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Don’t really into the Defi, just waiting our time though, your earning on interest can’t even cover your lost on the token price drops

Ya absolutely just only if the price back on track