Starting on block 9,450,000 (sometime around 6-Feb-2023), ILP would be deprecated.
08 Jan 2023, 23:59
Starting on block 9,450,000 (sometime around 6-Feb-2023), ILP would be deprecated.
-Current existing LPs will have their ILP grandfathered-in.
- New and top-up deposits before that block will have their ILP grandfathered-in.
- Partial withdrawals after that block will NOT affect the ILP.
-However, any new deposits AFTER that block will no longer enjoy any ILP.
- Also, any top-ups to existing LPs after that block will cancel any ILP that was previously due.
Context:
Previous info:
THORChain has Impermanent Loss Protection (ILP) enabled for all active pools.
Stay in the pool for 100 days to obtain 100% IL Protection.
(Similarly 45% for 45 days, 76% for 76 days and so on).
Check these two videos out for more details:-
Impermanent Loss Protection Explained:
A Liquidity Pooling Example:
Notes:
1. ILP is enabled for both symmetrical and asymmetrical liquidity. (If asymmetrical, ILP will protect your 50/50 assets AFTER the split. This is a very important detail!)
2. ILP considers "LP vs HODL" value.
It does not guarantee same amount of tokens back. Please watch the above 2 videos for details and examples.
3. ILP is NOT available for pending/staged/non-active pools. This also includes pools which were previously active, but was demoted to pending due to low liquidity.