I recently got fooled by the phrase "market-making passive income" for the third time, and my mindset collapsed... The AMM curve is basically you helping others automatically buy the dip and sell the top; when the market fluctuates, your position is shifted to the slower-growing asset, and when you want to withdraw, you realize that impermanent loss doesn't play fair. I used to think that fees could cover it, but when volatility spikes, fees feel like scratching an itch. Now I just test the waters with small positions, set stop-loss levels first, and don't get carried away. By the way, the NFT royalty disputes are also quite lively: everyone wants to earn more, but once liquidity dries up, everyone ends up suffering... Anyway, I’m not pretending to be an expert anymore.