Now there's one more thing to add to this equation to fully grasp its potentiality. Stable/Stable, WBTC/ETH, AVAX/SOL etc are more correlated pairs, meaning their prices usually move in the same direction. In other words, the ratio between these coins in an LP are not as volatile as uncorrelated pairs, producing less IL. If you are bullish on the overall crypto market, you want to be LPing WBTC/WETH rather than ETH/USDT basically.