RE: Understand the Asymmetric Risk
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IMO "impermanent loss" is a clever marketing gimmick created by some of the early AMM designers to fool unwary investors (or possibly those designers were really just that stupid).
"Impermanent losses" are actually just normal unrealized losses, but this scammy name tries to fool people into not believing their own eyes.
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I call it "permanent loss" :)
but I am in the minority.
Between you and me, these kind of gimmicks are the reason crypto is still not taken seriously after 15 years! If you look at technology trends, many technology rise and mature from its infancy in 15 years. Not crypto.