The ones who took a hit are totally confused. I set up a BTC/ETH LP on-chain, and now it's a total bloodbath.
Relying on fees won't cut it; annualized returns are around 50%, but since the range I set is pretty narrow and I frequently adjust it, impermanent loss is eating into my annualized gains. Not sure if I'm even gonna see a 20% return overall.
With the market tanking like this, mining for a year won't even get me back to break-even.
$BTC $ETH
Relying on fees won't cut it; annualized returns are around 50%, but since the range I set is pretty narrow and I frequently adjust it, impermanent loss is eating into my annualized gains. Not sure if I'm even gonna see a 20% return overall.
With the market tanking like this, mining for a year won't even get me back to break-even.
$BTC $ETH