Articles on Chain Margin Notes https://chainmarginnotes.com/posts/ Recent content in Articles on Chain Margin Notes en-us Fri, 06 Nov 2026 15:27:00 +0000 Liquidity Pools Explained https://chainmarginnotes.com/liquidity-pool/ Fri, 06 Nov 2026 15:27:00 +0000 https://chainmarginnotes.com/liquidity-pool/ What a liquidity pool holds, how LP share accounting works with a hypothetical deposit, where LP returns come from, and the pool-level risks to check first. Impermanent Loss: How It Works, With a Worked Example https://chainmarginnotes.com/impermanent-loss/ Fri, 06 Nov 2026 13:17:00 +0000 https://chainmarginnotes.com/impermanent-loss/ Impermanent loss derived from x*y=k: the formula IL = 2*sqrt(r)/(1+r) - 1, a table for price moves from 0.1x to 5x, a worked LP example and the fee break-even.