Recently, someone in the group said, "Just throw it into the pool and earn passive fees," I can only say... The AMM curve is not a charity. When the price fluctuates, your position will passively shift toward the underperforming side. To put it simply, impermanent loss is like you are acting as a counterparty for others, and the fees are just subsidies. If they’re not enough, it’s a waste of effort. Especially in pools with high volatility for new tokens, the apparent APR looks good on the surface, but in the end, it’s not as good as just holding spot and sleeping.

I now pay more attention to the match between “volatility/fees.” If it’s not suitable, I won’t do it. I’d rather earn less than treat market making as a savings account. By the way, I want to complain that hardware wallets have been out of stock lately, and phishing links are everywhere. If you really want to get into DeFi, you need to be extra careful: don’t click on random airdrop sites, minimize authorizations, and even if your tools are convenient, one wrong signature can take you half a year to recover from.