I just reviewed my actions last week when I got itchy and decided to add some liquidity.

Really, don’t treat AMMs as a savings jar anymore…
That curve thing, honestly, is just letting you passively rebalance in volatility;
when prices go up, you sell too early, and when they go down, you buy more actively.
As the price swings back and forth, if the trading fees aren’t enough, you’re left with impermanent loss laughing at you.
Not to mention those long-shadow candle patterns, which can quickly shatter your “passive income” illusions.

Recently, I’ve been comparing RWA, US Treasury yields, and on-chain yield products again,
and I feel a bit anxious: those “seemingly stable” yields on-chain might actually be you paying for volatility.
Anyway, I’m the type who prefers small contract positions with stop-losses,
at least I know where I stand when I lose…
In market making, if you haven’t figured out the risk structure, don’t pretend to be calm.