It's raining today and the traffic is so congested that it's annoying, and the coffee has also gone cold... I casually looked at the chain and found the same old problem: many people think of AMM market making as "putting in liquidity and just collecting fees," basically like dealing with Curve—you’re betting that the price doesn’t move too far away. Once the price moves unilaterally, the fees may not cover the impermanent loss, especially when liquidity is thin and volatility is high, ultimately it might be "earning some fees but losing on the position."

Not to mention recently when cross-chain bridges have issues again, and oracle prices go haywire, everyone rushes to "wait for confirmation," that feeling of liquidity suddenly shrinking is all too familiar to me... At such times, the pool is more vulnerable to slippage and arbitrage attacks. Anyway, I’d rather earn a little less now than wait until a chain reaction of liquidations and realize I simply can’t escape.