I checked yesterday, and for the fees I looked at, it was around 3.5% a year. The benefit is LEO is liquid and ready to move right away. What IL? It's either more HIVE or more LEO. 😀 And the HIVE part I take from LEO and I will change back to LEO when the time comes, probably.
IL is impermanent loss from when the price between LEO and Hive changes. Basically, in Defi or diesel pool, you make the most when the price stays the same, but the more it goes off to the side, the more you lose.
Yeah, but if both go up, then you do even better in diesel/liquidity pools. I said what I said above meaning that I wouldn't care if I got more LEO or more HIVE (and less of the other) as a result of IL. In dollar terms, things can go pretty complicated depending on the price evolutions of the two.