Recently, I've seen a bunch of people staring at the unlock calendar and shouting "Selling pressure is coming," but I'm more worried that everyone is treating market making as a safe haven... The curve of the AMM is basically: when the price moves, you're passively rebalancing, earning fees but suffering impermanent loss. When the market is moving sideways, it's manageable, but once there's a sharp upward or downward move, the fees might not cover the losses, especially when slippage is involved and it gets worse. Anyway, before I enter a pool, I always assume the "worst-case scenario": if that wave of unlocks really hits hard, can I accept my position turning into a bunch of coins I’d rather not hold... If I can accept it, I go in; if not, I just skip it.