These past few days, I looked at the AMM curves again, and the more I looked, the more it seemed like looking in a mirror: you think you're "providing liquidity," but you're actually paying for the market's volatility. When the price moves, the pool automatically helps you sell high and buy low, that's true, but just doing the math shows that impermanent loss is no joke; market making is definitely not about lying back and collecting fees.

By the way, looking at the airdrop season tasks + points, the anti-witching measures are getting stricter and stricter, and the yield farmers are scrambling like clocking in at work... To put it simply, everyone is using time and risk to exchange for a bit of uncertain returns.
What I’ve learned isn’t skills, but rather to first think clearly about "what am I actually bearing" before taking action.