Recently, I saw new L1/L2 incentives to boost TVL again, and a bunch of old-timers in the group were complaining "mining and selling," basically saying many people just come to farm and then leave. I also love airdrops, but doing AMM market making is definitely not a get-rich-quick scheme... That curve thing, you think it's collecting fees for you, but if the price deviates, your position is automatically swapped to the "weaker side," and impermanent loss quietly eats away at your profits. Especially during volatile incentive periods, the fees look pretty good, but after calculating, it's actually better to just hold steady without moving. Anyway, now I first calculate gas + slippage + withdrawal time before entering a pool; if I can't handle it, I won't push through, to avoid overreacting.

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