Lately, watching the liquidity of NFTs, it feels just like grinding coffee beans— the finer you grind, the more bitter it gets. When the floor price cools off, everyone’s first reaction isn’t to talk about the artwork; they’re staring at who dumps first and who picks up. Royalties are also pretty awkward: charge too high and transactions get thinner, charge too low and people start asking, “How is the community going to sustain itself?” In plain terms, when the narrative is hot, everyone can tolerate it—once the narrative goes cold, then it’s time to start keeping score.

And don’t even get me started on these past few times when cross-chain bridges were stolen from and oracles threw errors— the group’s one and only line is, “Just wait for confirmation.” These days I’m even more timid about placing orders; I’d rather make a little less than get taught a lesson by slippage at the moment when liquidity is at its thinnest. Anyway, doing LP is like making coffee: control the strength first—don’t get too carried away and burn yourself.