At present, the solutions to impermanent loss mainly include the following: 1.Token compensation for impermanent losses, such as bancor 2.Impermanent loss insurance, such as Instaraise 3.Option to hedge impermanent losses, such as Opyn.
However, the above solutions have more or less some defects. The first solution by token compensation damages the interests of token holders, and it is difficulty to provide impermanent loss protection for all pools. The insurance and option to hedge IL always lack of market liquidity, and it makes it difficult for the buyer of the option to exit freely.
In order to hedge against the impermanent losses, we designed a contract system:
USDT Value of 1 Contract is sqrt(P)
https://miro.medium.com/max/245/1*I80Xm-2Nmix-jzoebRZjBw.pngX3 protocal will be a win-win for leveraged traders and farmers, one obtains a leveraged exposure of the underlying assets without the risk of liquidation and funding fees, and the other obtains stable returns without impermanent losses by single-sided AMM farming.
Until now there is no effective solution for impermanent loss(IL)，but X3 can achieve not only zero impermanent loss but also single asset yield farming. The project has been deployed on the Polygon testnet, everyone is welcome to test and give valuable comments.
Our future strategy
Multi-chain layout
Stablecoin development based on X3 protocol
Building an independent AMM system combined with spot and derivatives
Official website:
http://test.x3.finance/Introduction Video:
https://www.youtube.com/watch?v=w1aI2hgy6rQTelegram:
https://t.me/x3_financeOne minute to start X3 protocol making money without impermanent loss:
https://twitter.com/X3Finance/status/1508436429612863490
