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Last night, I got itchy again and went into the pool to act as a "financialized market maker," thinking about the AMM curve, right? The price swings, and I can still earn some fees, while also proving I’m not just good at being a reverse indicator.
Later, I realized that impermanent loss really doesn’t play favorites: when prices go up, my position is automatically swapped into fewer tokens; when prices fall, it’s swapped back into more tokens. The fees can’t make up for it at all. Basically, the curve adjusts my position for me, and I have to pay the bill myself.
Watching the on-chain games of inflation plus studio farming, and the final collapse point where token prices spiral downward, I realize it’s quite similar to my mindset — thinking “the system rewards hard work,” but in reality, it rewards those who run away first.
Anyway, I withdrew from the pool first, and will continue to be a houseplant, doing less and making fewer mistakes.