Before becoming an LP, I really thought money was free for the taking: draw a curve, collect fees, and enjoy the profits. Then I calculated the expected impermanent loss... Never mind, let's leave it at that. Now whenever I see people farming testnet points for a mainnet airdrop, I run it through the Kelly criterion first: 2% position, and whether they distribute anything or not, whatever. AMMs, put simply, trade probability for returns, but many people pile money in without even understanding the curve's slope. The most ridiculous case I've seen: ETH goes up 20%, they lose 15%, and still ask why. Market making isn't easy money; it's lying down and getting harvested.

Night session:

RWA Assets Under Management Hit $38.45 Billion The tokenized real-world asset (RWA) market has hit $38.45 billion, and the growing number of active addresses signals rising activity across physical and financial assets on-chain. New data confirms Ethereum, BNB Chain, and Solana are leading the charge. Ethereum maintains the largest RWA share ⚠️ Personal market analysis only. NFA — manage risk and DYOR. Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.