Recently, many people are tired from doing airdrop season tasks and just throw their money into pools to "provide liquidity," basically just trying to earn passively... But the AMM curve really doesn't play nice. When the price moves, the asset ratio in your pool is automatically adjusted, and when you withdraw and find you're a bit short, that's impermanent loss, which is a different matter from whether fees can fully cover it. Not to mention, some people specifically monitor these pools to do arbitrage; if the order of transactions changes, the execution price you get might not look good. Anyway, now I always do a quick calculation before adding to a pool: how volatile it is, whether the fee rate is enough, and if I can accept ending up with a different ratio than I started with... The points system makes earning look as competitive as a job, but market making is the same; it's not just about putting in funds and calling it a day.

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