Recently, I saw someone treat AMM as a piggy bank, to be honest, market making is not just lying around collecting rent, you're working for a curve... When the price deviates, your position passively deforms, the more it rises, the less you earn, the more you sell during sharp drops, the more "cheaper assets" you get. This impermanent loss sounds mysterious, but it's actually the cost of "using a fixed rule to catch volatility." Can it be covered? It depends on probability: how big the volatility is, whether it will return, whether the fees are enough, rather than relying on "fate will be on my side." By the way, hardware wallets are out of stock lately, phishing links are everywhere, don’t chase yields on-chain while handing your keys to strangers—any fees earned might not even cover the tuition for clicking the wrong link... I’ll go whitelist my frequently used addresses and check again.