Recently, I've seen quite a few people treat AMM as "just deposit and sit back to collect fees," basically the idea that Curve's approach directly incorporates price fluctuations into the position. The bigger the ups and downs, the easier it is to passively switch to the worse-performing side, and the fees may not cover the impermanent loss. Especially in pools with lower liquidity, a few shocks can be quite noticeable.

Now, the incentives and points on the testnet are similarly expected; everyone is guessing whether the mainnet will issue tokens, resulting in a rush to "provide liquidity in advance." I think it's better to first clearly understand the fluctuations you can tolerate, or else the seemingly attractive fees might turn out to be less profitable than just holding steadily. Anyway, I mostly stay on the sidelines, only trying small amounts occasionally.