Building poolfish.xyz (/poolfish). A calculator for LP providers. Built Potion solo to $6k+ MRR and sold for $300k.

@nbragg I created my first pool, then started to explain to my wife and questions came up.  The biggest one was impermanent loss...it seemed like unless the pair are correlated, there will be impermanent loss (the two go up together rather than diverging). 

Do you have suggestions on what makes for a good strategy in addition to risk and APY:

Protocol, incentive, and narrative design.

Impermanent loss is unavoidable. You're always going to have some of it.

But to avoid it the best you need to setup the right range. Something that works around where the price goes in the future.

All Impermanent loss is is hodl 50:50 of the assets vs your position.

So to beat it the main thing you need it to be able to hold the position long enough for the fees to overcome the loss. Also means that sideways price (overall) is the best time for LPing.