IMPERMANENT LOSS On Crypto DEXs - Is It Really That Bad?

Thinking of participating in a Decentralized Exchange? (DEX) Here’s what I’ve learned from one year of Liquidity Providing and Yield Farming on the Minswap DEX building on the Cardano Blockchain

ONE YEAR LATER: Liquidity Providing, Earning Rewards & Avoiding Impermanent Loss while Building a Crypto Portfolio on Minswap’s Decentralized Exchange

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Chapters:
00:00 - What is Impermanent Loss and w hy is it important when investing on a decentralized exchange?
04:25 - How do Decentralized Exchanges (DEXs) work?
05:40 - What kind of rewards can you take advantage of by participating on a Decentralized Exchange?
06:04 - How to provide liquidity on a decentralized exchange and receive Liquidity Provider Tokens (LPTs)
07:24 - Why you need to connect a crypto wallet to a decentralized exchange to participate?
08:50 - How can you use Liquidity Provider Tokens to yield farm on Minswap?
18:13 - What causes Impermanent Loss? How to choose the right direction for locking up your liquidity providing by finding options with farms.
23:00 - How Impermanent Loss Happens - An example of Impermanent Loss with variables that can occur.
29:37 - Why is Impermanent Loss impermanent?
30:05 - Why I’m not afraid of impermanent loss.
30:58 - Why participate in liquidity providing?
33:14 - What is Liquid Staking?
37:22 - What is Minswap’s Zap Feature?
39:34 - Exploring Minswap’s Discord Server