Alpha

🧬 Scientists Just Nuked the APR Illusion 👁 A brand-new study from the Journal of the British Blockchain Association (May 2025) analysed 3M Uniswap-style LP positions. Key finding: → At a 0.3 % fee tier, 55 % of pools still lose money vs. HODL → Drop the fee to 0.1 % and >70 % of positions bleed 🔎 Turns out fees rarely cover impermanent loss once price moves >7 %. Liquidity ≠ free yield. Unless you model IL, you’re exit liquidity. ⭐️Highlights • Data set: 28 DEXes, 24 000 token pairs :contentReference[oaicite:0]{index=0} • IL kicks in even on “stable-stable” pairs when volatility >1 % / day • Fee schedule matters more than APR banners Deep dive (2-min read): HERE 👉 Have you ever tracked your LP vs. HODL PnL? Drop the % below. #AlphaSchool Alpha | Chat