Recently, I saw someone say "throw it into the pool and just sit back to collect fees," and I felt a bit guilty listening to that... The AMM curve, to put it simply, is automatically swapping your positions proportionally. When the price fluctuates, you're actually passively buying low and selling high. The fees earned may not cover impermanent loss, especially when volatility is high, making it more obvious. Market making is more about managing risk exposure than just depositing and waiting for interest. By the way, these days there's a heated debate about privacy coins/mixing and regulatory boundaries. My feeling is: don't just focus on "returns," first think clearly about what kind of risks you're willing to bear; the blockchain won't clean up after you. That's all for now.