Select what genuinely interests you. Your picks feed directly into our editorial planning. Impermanent loss is the gap between two portfolios: the one that would simply have held your coins, and the one that put them into a liquidity pool. If the price of one half of the pool doubles while the other stands still, that gap comes to 5.72 percent. €150 from holding turns into €141.42 in the pool. The effect is no more than that, and it hangs on a single quantity: the ratio of the two prices to each other.