Recently, I saw someone say that throwing coins into the pool is like "lying down to collect fees"... I really find it speechless. The AMM curve is basically just automatically matching your counterparty: once the price moves, your position is passively shifted to the side with less gain, and impermanent loss isn't some mysterious thing; it's just you constantly feeling like you're "selling low and buying high." Can the fees cover it? Looking at volatility, trading volume, and the pool you choose, it's definitely not something you can just cheat with a single click.

Moreover, people are still complaining about validators eating MEV and unfair ordering, but retail investors face big slippage, and the small fees in the pool might not even go to you. Anyway, I now treat market making as a side gig for governance participation—small positions, a calm mindset, and if I lose, I just consider it paying tuition... That's all for now.