Last night I looked again at the records of my stablecoin pools, and the more I looked, the more I felt: AMM curves are not charitable organizations. Once the price deviates, your position will be "automatically rebalanced" to the less desirable side. Impermanent loss, in plain terms, is the side effect of being forced to buy low and sell high. Market making is definitely not just sitting back and collecting fees.

Others think putting money into pools is like depositing in a fixed-term account, but in reality, you're silently absorbing volatility and emotions. Recently, with extreme funding rates, there's been debate in the group about whether to reverse or keep squeezing the bubble. I might as well split my position into smaller parts first—prefer to earn less than get pricked awake by a single needle... I'll review the losses later, but for now, that's it.