Recently, I heard someone say "Just throw it into the pool and sit back to collect fees," which sounds pretty good... But the AMM curve, to put it simply, is just automatically helping you buy low and sell high. When prices fluctuate, your position will be passively bought and sold, and impermanent loss happens this way. It's not some mysterious phenomenon. Whether the fees can cover it really depends on volatility and trading volume. Many times, what you think is market making is actually just paying for the market.

And these days, that mainstream public chain is upgrading/maintaining, and everyone in the group is guessing whether the ecosystem will migrate. I'm actually more concerned about these kinds of nodes: on-chain congestion, cross-chain bridge queues, I had to click refresh/retry several times to confirm... When liquidity tightens, the prices in the pool are more easily pulled around, and the market-making experience suddenly isn't "lying" anymore. Anyway, I'm more restrained now, willing to earn less, rather than treat risk as stable income.