Just now, I was again "sandwiched" on the chain and finally realized: You think you've found an arbitrage opportunity, but in many cases, you're just someone else's guaranteed fee. To put it plainly, if you loosen up on the details like path, slippage, and transaction speed, the bots will "optimize" it for you.

Now I see arbitrage more as a risk warning: when you see a price difference, ask yourself first if it's due to information lag, if the liquidity is too thin, or if my trade is too predictable. The only thing to do is honestly split the trades into batches, limit slippage, and don't chase after hot pools. It's better to eat less than to be hard on yourself.

Recently, there's been talk about social mining and fan tokens again. "Attention is mining" sounds pretty appealing, but in the end, it might just be the same story: you contribute attention and liquidity, and others take the steady profits. Anyway, I’ll first stick to my position discipline and not treat myself as fuel.