As a Provide user for about a year now, I’m looking to dip my toe in providing assets to the new pDex v3 LPs.
After reading threads here on Incognito and watching a handful of Youtube videos, I thought I had a decent idea of how AMMs and impermanent loss work…However, as I look at coin balances in the (for example) DAI/USDT and BTC/PRV pools from within Earn > Pools, they don’t have anywhere near equal USD value yet the exchange rates via the pDEX Swap tab shows values more in line with external markets–so there doesn’t seem to be a ‘corrective’ arbitrage opportunity. Are these not ‘50/50’ pools?
Last question. Any tools for tracking realized Impermanent loss that folks would recommend?
Anyway, thanks for any explanations folks want to share! Just trying to be more informed before I commit funds to any LPs.