Impermanent loss isn’t a mistake. It isn’t a penalty. And it isn’t something that only happens when you “do it wrong.” It’s a structural result of how liquidity pools work when markets move.

This course walks you through impermanent loss step by step - not as a formula, but as a system behavior. You’ll see what happens inside a pool when prices change, why your token balance shifts, and how that differs from simply holding assets outside the pool.

By the end, impermanent loss stops feeling mysterious or unfair. It becomes a known trade-off - one you can evaluate calmly.

Skip this course, and liquidity feels unpredictable.
Take it, and liquidity becomes a choice you understand.

What You’ll Learn (to understand the trade-off):

• What you’re actually entering when you provide liquidity
• The rule that reshapes your position automatically
• How divergence creates misalignment over time
• When impermanent loss is small - and when it grows quickly
• Why people still choose to provide liquidity, despite the cost

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What you gain isn’t avoidance - it’s agency. You understand what you’re trading off, before you trade.