Impermanent Loss. (I just made a HUGE mistake on Mirror Protocol...)
Impermanent Loss is pretty common in DeFi, but Mirror Protocol is what really showed me what it was! Definitely one big risk that comes with DeFi.
At the end of the day the opportunity cost was too thick on this one, and I like being up front with what's going on in my world especially if it helps you guys out in the long run. :) I'm in Mirror for the long haul anyways so I don't really mind.
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*Disclaimer*
Please understand that your money can go down just as quickly as it goes up. I am not a financial advisor OR an "expert" by any means, so understand that NONE of this is financial advice. I do my research and find my information online. Please do your own research and decide on your own if it makes sense to invest into any cryptocurrencies mentioned. Any platforms, DEXes, exchanges, protocols are all at your own risk if you choose to use them. I have plenty of biases that I do my best to make public, and knowing that I do my best to be as transparent and open to you guys as possible. Please measure your risk and never invest more than you're willing to lose. thank you ❤️ I am a content creator that entertains, that is all.
#MirrorProtocol #ImpermanentLoss #DeFi