I once tried putting a small amount into an AMM pool to provide liquidity, thinking that since the fees would slowly accumulate, I could just sleep and wake up with more... But when the market suddenly shook, the curve automatically kept swapping my positions around. When I checked, I hadn’t lost my principal but my tokens had decreased. When converted, it was actually not worth doing anything at all — that impermanent loss was truly frightening. Later, I saw on the blockchain that large transfers and movements of exchange hot and cold wallets would be called “smart money coming in,” and I almost jumped in too. But I calmed down and thought: in the pool, you’re just passively accepting whatever happens; the curve doesn’t care about emotions. Now, I only treat market making as “paying for interaction + earning some fees,” and if I can’t calculate the costs, I just give up — survival first.