Most DeFi liquidity providers are bleeding money right now — and their dashboard is showing green. Here's the trap. Impermanent loss hits when your pooled assets diverge in price. You added liquidity, the pool rebalanced, and now you hold less of the winner. Step one — before you deposit anything, calculate your IL exposure. Use APY.vision or Daily DeFi. If your fee APR is under 20% on a volatile …