Today I saw someone say, "Just throw it into the pool and earn transaction fees passively," and I almost spilled my takeout soup... The AMM curve, to put it simply, is just you tugging with the price; the more it rises sharply, the more you are passively forced to sell, and upon calculation, impermanent loss can eat up half or even more of the fees. Especially recently, with meme + celebrity hype, attention shifts are like a roller coaster, and newcomers rushing in to provide liquidity often think it's stable, but it usually ends up being the last to take the hit. Anyway, before I add to a pool now, I always make a "backup plan": think through the worst-case scenario, plan an exit route, how much slippage I can tolerate, set stop-loss orders more diligently than ordering bubble tea, and prioritize survival first.

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