Last night before bed, I was browsing on-chain pools when I suddenly remembered that AMM curve... To be honest, market making is really not a get-rich-quick scheme. When prices drift away, you're forced to "sell low and buy high." It’s pretty satisfying to see the fee income, but after calculating impermanent loss, it’s enough to wake you up. I say I won’t chase highs, but I still get nervous; when I see the floor liquidity thin out a bit, I want to add some, but then volatility hits and everyone gets stunned. Recently, funding rates have become almost extreme, and in the group, people are arguing whether to reverse or keep squeezing the bubble. My feeling is: no matter which way, the people in the pool get hit first... Anyway, I’ll add less first, save some bullets, and not treat myself as a guaranteed profit machine.