Impermanent Loss- Angel of Death for AMMs?
DeFi has long been hailed as the disruptive force that successfully challenges established TradFi practices. DeFi means less paperwork, no insight into your personal financial situation, and sometimes no verification of your identity. All you need is a compatible wallet like MetaMask and an internet connection – and thanks to the blockchain and smart contracts, there are no opening hours. DeFi is accessible 24/7/365. It doesn’t take much imagination to imagine the possibilities this will create. Even today, 1.7 billion (31% of world population) have no bank or mobile money account. Millions of people will finally be able to access the financial system at all. But the benefits are not limited to access.