These days, I see a bunch of people rushing to test the network and interact. The most talked about topics are still “Will the mainnet issue tokens, can points be exchanged for money”… I don’t feel much excitement, but it reminds me of AMM market making: the curve is right there, you throw in two types of tokens, watching the transaction fees come in little by little feels pretty comfortable, but when the price deviates, impermanent loss quietly eats away at the part where you “outperform holding coins,” to put it simply, it’s not passive income. Especially in pools with high volatility, earning fees is like picking up coins, losing money is like having a chunk of flesh ripped away. My approach remains the same: less emotional impulsiveness, dollar-cost averaging when possible, rebalancing when the position shifts, treating market making as a strategy, not a lottery. That’s all for now.