Question 1

What is impermanent loss in yield farming?

Accepted Answer

When the two tokens in a 50/50 pool diverge in price, the pool rebalances and you end up with less value than if you had simply held both tokens. That gap is impermanent loss — it becomes permanent if you withdraw while prices are apart.

Question 2

When is yield farming actually profitable?

Accepted Answer

When the fees and rewards you earn exceed the impermanent loss from price divergence. Stable-stable pools have almost no IL; volatile pairs can lose more to IL than they pay in yield. Always net the two, not just chase the APR.

農業生産量計算機

APRが高いからといって利益が高いわけではない