Lately, many people have been saying, "Drop it into the pool and earn fees passively," and honestly, it's giving me a headache… The AMM curve, to put it simply, is just that when the price moves, your position structure is passively adjusted. Rising prices don't necessarily feel good, especially in a one-sided market, where impermanent loss hits pretty hard.

Can the fees cover it? It depends on volatility and trading volume—don't just focus on the APR screenshot.

What I fear most isn't losing money, but thinking I'm making a profit, only to find that the curve has quietly switched me to a coin I don't want to hold, and when I withdraw, I realize how much is missing.
Before I provide liquidity now, I first ask myself: Am I willing to hold this coin long-term? If not, I won't force it.

By the way, the recent NFT royalty debate is quite similar: everyone is focused on "income/fees," but when liquidity and participant psychology change, even the most attractive rules can go off track…
Anyway, I now prefer to slow down and double-check twice.