Recently, someone asked me again, "Is AMM market making just putting in funds and earning fees passively?"

Honestly, that's not the case. When the curve moves, your positions are passively rotated; when the market pulls, impermanent loss is like small leaks, and the fees may not cover it.
Especially in pools with high volatility, the annualized yield looks attractive, but the actual mindset can easily collapse.

Plus, with recent incidents like bridges being hacked and oracle errors, everyone now defaults to "waiting for confirmation" to be sure.
I now prefer to test the waters with small amounts first; taking a few extra steps in routing is okay—safety first.
The information environment is too noisy, and my noise reduction strategy is simple: only look at on-chain data and project announcements.
Other group chats are just background noise, so I don't get tempted to click around randomly.