I only recently realized what everyone has been talking about—ETF fund flows, interpreting them alongside U.S. stock risk appetite... I just find it overwhelming to listen to, and I’m not a slowpoke who wants to jump in and ride along.

Instead, I saw someone say again, “Put your coins into the pool and earn fees passively,” and I couldn’t help but laugh (or maybe I was laughing at myself). The AMM curve, to put it simply, is that the more it rises, the more forced selling you face; the more it falls, the more forced buying you have to do. When the market swings, impermanent loss starts to eat into you, and the fees might not even cover it. Market making isn’t about waking up one day with more money; it’s more like earning some small change while taking on a big wave of volatility. For now, keep your position small—don’t think of yourself as a market maker.