"What about impermanent loss when I withdraw from Aqua?"
Plot twist: There is no withdrawal.
Holly Atkinson (CPTO at 1inch) breaks down where IL actually sits when your tokens literally never left your wallet in the first place.
Non-custodial LP mechanics hitting different. If you're not moving tokens, you're not "withdrawing" โ you're just changing exposure. The IL question becomes way more nuanced when custody never changed hands.
Worth understanding if you're running any DeFi LP strategy in 2025.
Plot twist: There is no withdrawal.
Holly Atkinson (CPTO at 1inch) breaks down where IL actually sits when your tokens literally never left your wallet in the first place.
Non-custodial LP mechanics hitting different. If you're not moving tokens, you're not "withdrawing" โ you're just changing exposure. The IL question becomes way more nuanced when custody never changed hands.
Worth understanding if you're running any DeFi LP strategy in 2025.