I used to hear others say "Just toss it into the pool and sit back to collect fees," and I was genuinely tempted, like playing a song: "Passive income."

Later, I tried it myself and realized that the AMM curve is basically you wrestling with price fluctuations; when prices go up or down, impermanent loss quietly takes a little of what you "earned"... When the fees aren't thick enough, it's easy to lose your composure.

These days, with mainstream public chains upgrading/maintaining, the group chat is again guessing whether projects will move.
I'm now more concerned: when such news comes out, will the liquidity in the pool suddenly thin out, slippage increase, and I might become an "automatic buy-in machine" without even realizing it.
Anyway, before I do market making, I first think: am I earning fees, or am I bearing others' volatility? That's the mindset I start with.