The third time being tricked by the phrase "market-making passive income" almost made me roll my eyes... The curve of the AMM looks quite mathematically beautiful, but once you actually add liquidity, you realize that impermanent loss is slowly draining you when you're not paying attention: as the price moves, your position is automatically converted into a "chasing the rise and killing the fall" version. Transaction fees are not free either; with more volatility, you end up losing it all back, especially in those lively pools.

Recently, the airdrop season is back, and the task platforms' anti-witchcraft measures have made points as competitive as clocking in for work. Several people around me are doing liquidity provision while trying to "maximize utilization"... Honestly, market-making isn't about setting up a stall; it's a gamble on volatility plus traffic. Anyway, I just want to ask: does anyone really use this pool? For pools that are useless, even a good APR is just for fun.