Заробіток у DeFi: справжня сутність майнингу ліквідності

Liquidity mining sounds like free money, but it’s way more nuanced than that. Let me break down how DEXs like Uniswap actually work and whether it’s worth your time.

How It Actually Works

Basically, you throw equal amounts of two tokens into a liquidity pool (say ETH + USDT). The DEX uses these pools to let people swap tokens without a central order book. Your reward? A cut of trading fees + bonus tokens from the platform.

Here’s the catch: if ETH pumps 50% while you’re providing liquidity, you end up with less ETH and more USDT when you withdraw. That’s impermanent loss—the biggest trap in liquidity mining.

Why People Do It

The upside:

• Passive income from transaction fees (usually 0.3% per trade)
• Early access to new project tokens (sometimes worth 10x+ if the project pops off)
• High APY pools can hit 100%+ annually on certain pairs
• Decentralized—you keep full custody of your funds

The downside:

• Impermanent loss can wipe out your gains if token prices diverge
• Smart contract bugs exist (even audited ones get hacked)
• Platforms can go bust or get shut down
• Tax implications vary by country—most governments treat this as taxable income

Real Numbers

If you put $10k into an ETH/USDT pool earning 25% APY in fees + 50% APY in governance tokens, but ETH dumps 30% while you’re in, impermanent loss could cost you $1.5-2k. You’d still profit if token rewards exceed that loss, but it’s not guaranteed.

Getting Started (Without Screwing Up)

1. Pick your platform: Uniswap (Ethereum), PancakeSwap (BSC), or Aave if you want lower volatility
2. Choose your pair strategically: Stablecoin pairs = boring but safe; volatile pairs = risky but higher rewards
3. Deposit equal value of both tokens to the pool
4. Monitor constantly—watch impermanent loss tracker tools, don’t set and forget
5. Exit when it makes sense—don’t hold bags hoping to break even

The Bottom Line

Liquidity mining can print money, but you need to understand impermanent loss and smart contract risks first. Start small, pick audited platforms with real volume, and don’t YOLO into new shitcoin pools chasing 1000% APY. If it sounds too good to be true, it probably is.