Recently, I saw someone treating AMM as a piggy bank, basically ignoring how the curve automatically executes "buy low, sell high" for you... Once the price moves, your position is passively rebalanced, impermanent loss is not mysticism; during market swings, it’s very real. Market making is not passive income; it earns from fees and volatility structure, and bears trend and tail risk. Now I usually first check if on-chain transactions are "hot" enough; if not, don’t force it.

By the way, that mainstream public chain isn’t upgrading/maintaining, right? Everyone in the group is guessing whether the project will migrate. I actually pay more attention to whether liquidity on-chain suddenly drains before and after the upgrade, whether funds on bridges are queued in advance. Don’t listen to emotions about migration first; data is more honest.

Additionally, I don’t see “long-term” as so grand... For me, it’s usually about a quarter or so, enough to see a narrative cycle through, and enough to admit mistakes and adjust strategies. Not stubborn about it, that’s all for now.