Recently, I’ve seen people treating providing liquidity (LP) as “deposit and then sleep,” but honestly, it’s not that worry-free. The AMM curve is really just helping you automatically buy low and sell high—once the price moves, your position tilts accordingly. And when you finally want to exit, you discover: your coin amount is up but your money isn’t, or your money is up but you’ve missed the upside. That kind of gap is what impermanent loss is all about. And on top of that, when volatility is high, transaction fees may not even be enough to cover it.

With the testnet incentives and point expectations stoking everyone’s curiosity again, people are all wondering whether the mainnet will issue tokens… I want an airdrop too, but don’t throw yourself into a curve you can’t understand just because it might happen. My simple way is: only do LP with assets I’m willing to hold long-term. If the volatility is too wild, I touch it less. If the price runs too far, I rebalance or just withdraw. Make a bit of fee profit—like a goodnight tune—then call it a night, and don’t treat it like a lottery.