Smilee Smoothpaper (v1.69)

<h1>Intro</h1> <p>Smilee is an on-chain options protocol known for the first-ever “Impermanent Gain” options. Smilee offers the best way to bet and/or hedge market volatility.</p> <blockquote> <p><strong>“Volatility”? A term that simply refers to the event in which the price of an asset experiences a significant move up or down</strong>.</p> </blockquote> <p>In just a few minutes, you’ll have a foundational understanding of how to leverage Smilee to your advantage.</p> <h2>Contents</h2> <ol> <li>Impermanent Loss Explained (<em>optional</em>)</li> <li>Options for the Mentally Challenged (<em>optional</em>)</li> <li><strong>Trade Impermanent Gain</strong></li> <li><strong>Earn Real Yield</strong></li> <li>Conclusion</li> </ol> <h1>Impermanent Loss Explained (optional)</h1> <p><img alt="" src="https://miro.medium.com/v2/resize:fit:700/1*Tg7W3hMmw0vbtiwSpdJasg.png" style="height:234px; width:700px" /></p> <p><strong>In essence, impermanent loss (IL) is the difference between holding tokens in a liquidity pool position (LP) vs. holding them in your wallet</strong>.</p> <p>Impermanent loss happens when the price of your deposited tokens changes compared to when you deposited them. The bigger this change is, the more you endure impermanent loss.</p> <p><a href="https://medium.com/smilee-finance/smilee-smoothpaper-v1-69-81a60a0bc391"><strong>Website</strong></a></p>