Recently, I saw someone treating AMM as a deposit, and they rush in when the APY looks attractive. To be honest, market making isn't free money; how you draw the curve determines at what price you "sell/buy back" your tokens. When the price deviates, impermanent loss quietly eats away at your gains. Not to mention, these days cross-chain bridges have issues again, plus that oracle quote glitch last time, everyone suddenly started "waiting for confirmation." That's good, at least it shows that on-chain settlement isn't a fairy tale of instant transactions. Anyway, I'm now looking to dismantle the pools: subsidies, trading fees, and what kind of volatility I'm actually betting on. If I had to keep only one habit, it would be: don't be dazzled by APY, first ask where the returns come from.