Impermanent Loss

Once upon a time I had wanted to understand what really is Impermanent Losses. The phrase was just strange for Me and I had no other option than to go do my research. So I realized that Impermanent Losses are experienced mostly by Liquidity Providers. 
As a liquidity provider, you LP is being exposed to the risk of Impermanent Losses due to the volatility of the tokens pairs. If there is price change after a liquidity position is gotten, that automatically makes a liquidity provider to suffer from Impermanent Losses. 
To encourage people to provide liquidity, you see protocols introducing things like Farming, whereby LPs are being used to earn som tokens over a long period of time. 
But does the farming really cover up for the IL? Well it depends, because sometimes token prices pump up, so if you're lucky enough you'll make a whole lot from the pump, since you're farming the token.
Also, stable pairs have little or no IL, so in a situation of uncertainty, you could decide to use a stable pair pool.