Calculate impermanent loss (IL) for any 50/50 liquidity pool - Uniswap, PancakeSwap, SushiSwap. Compare LP value vs HODL value aur dekho price change se kitna loss hota hai.
Note: Trading fees & rewards not included - wo IL ko offset kar sakte hain.
Impermanent loss (IL) wo difference hai jo liquidity pool mein tokens rakhne aur wallet mein simply HODL karne ke beech hota hai. Jab aap Uniswap ya PancakeSwap jaise AMM (Automated Market Maker) mein liquidity dete ho aur dono tokens ka price ratio change hota hai, toh pool ka rebalancing mechanism aapko divergence loss deta hai.
Ise "impermanent" isliye kehte hain kyunki agar prices apne original ratio par wapas aa jayein withdrawal se pehle, toh loss gayab ho jaata hai. Withdraw karne par hi loss permanent hota hai.
50/50 liquidity pool ke liye standard IL formula:
| Price Change (one token vs other) | Impermanent Loss |
|---|---|
| 1.25x (25% up) | 0.6% |
| 1.5x (50% up) | 2.0% |
| 2x (100% up) | 5.7% |
| 3x | 13.4% |
| 4x | 20.0% |
| 5x | 25.5% |
Agar aapne $1,000 ETH/USDC pool mein daala jab ETH $2,000 tha, aur ETH $4,000 ho gaya (2x), toh HODL value hoti $1,500 lekin LP value hogi ~$1,414 - yaani 5.7% impermanent loss (~$86).
IL liquidity pool mein tokens rakhne vs wallet mein hold karne ke value ka difference hai. Dono tokens ka price ratio change hone par hota hai - jitna bada divergence, utna bada loss vs HODLing.
50/50 pool ke liye: IL = 2√k ÷ (1+k) − 1, jahan k dono tokens ke price change ka ratio hai. Example: ek token 2x ho jaaye toh IL ~5.7% hota hai.
Kyunki loss tabhi permanent hota hai jab aap liquidity withdraw karte ho. Agar prices original ratio par wapas aa jayein, loss completely disappear ho jaata hai.
Stablecoin pairs (near-zero IL), correlated pairs (ETH/stETH), high-fee pools jo IL offset karein, ya concentrated liquidity carefully use karo.
Haan, aksar. LPs trading fees + rewards earn karte hain. Agar accumulated fees IL se zyada hain, toh LP position HODLing se zyada profitable hai.