Try Quests to earn cryptoTHORChain Impermanent Loss Protection
THORChain has paid over $1,348,000 USD in Impermanent Loss Protection (ILP) since launch, protecting over 1900 unique liquidity providers against Impermanent Loss on their withdrawals. However, ILP has been a controversial topic in the THORChain community lately, and is widely misunderstood. In this report I do a deep dive into the data to provide clarity for the community on this. All the code for the queries I use in this report are open-source, allowing anyone in the community to verify the data and search for related data themselves. The inner workings of the calculations are a black-box to many, so I wanted to break that open here. Additionally, I have created an open-source query that allows anyone to pull their current ILP owed on their positions using Flipside crypto, a free to use crypto analytics platform. This will allow users to verify their positions, even if community based tools to check your portfolio are bugged or down.