Last night, I looked at the AMM curves of a few pools. Honestly, market making is not just easy money; when the price drifts, you get stuck "selling high and buying low." The on-paper fees look attractive, but after calculating impermanent loss, all the profits are wiped out... I now prefer low-frequency trading, rather than watching it every day, I'd rather take fewer risks.

By the way, I want to complain that recently, the on-chain data tools and tagging systems are a bit laggy, and can even be misleading. I also feel that when you see "a big whale is buying," they might have already changed addresses or left early, so chasing tags can easily lead you astray.

My mom asked me a couple of days ago, "Is your market making as stable as keeping money in the bank?" I could only reply half-heartedly: stability depends on the curve and volatility; don’t treat it like a fixed deposit... For now, I’ll leave it at that and see if I need to make a move after I wake up.