‘Impermanent Loss’ Is Usually ‘Permanent Loss’ Says Binance CEO
“Impermanent loss is usually permanent loss,” said Binance CEO Changpeng Zhao in his latest tweet. Zhao asked his followers to stay safe and added that stablecoins were not always stable. However, some of his critics called him out for listing fraudulent stablecoins such as First Digital USD (FDUSD). Changpeng Zhao, the CEO of Binance, took to Twitter to inform his followers that loss termed “im permanent loss” is usually permanent loss, irrespective of the name used. “Don’t let a term fool you,” said Zhao in his latest Tweet. Im permanent loss is a term used in DeFi when the price of users’ deposited assets changes compared to when they deposited them. Unpopular x: "Im permanent loss" is usually " permanent loss". Don't let a term fool you. And "stable" coins… are not always stable. Learn risk management. Stay #SAFU. — CZ Binance (@cz_binance) July 25, 2023 Zhao also added that “stab...