Last night at 2 a.m., I was still watching the pool, and the more I watched, the more I wanted to curse: The curve of the AMM is not for you to "earn fees while lying down," it's for pricing. When the price deviates, funds are bought or sold along the curve, and your asset allocation passively changes. To put it simply, it's selling high and buying low, going against human nature, which is why there is this "invisible loss" called impermanent loss. Can fees cover it? Look at volatility and trading volume, not how diligent you are. The same applies to on-chain games with inflation + studio volume manipulation: the coin price spirals, market makers get drained first, and in the end, only "I clearly earn fees but why is my wallet shrinking" remains. Don't get self-congratulatory; market making is trading, not saving. First, calculate the worst-case scenario; if you can't handle it, don't get in.