This is the third time I've seen friends treat AMM as a savings jar... To be honest, the curve is just written there; once the price deviates, your position automatically slides toward "buy low, sell high," and impermanent loss is not mysticism, it's math. Plus, the fees aren't always enough to cover the losses, especially during high volatility, making it feel like you’re earning a little fee with hard work, only to have it quietly siphoned back by the curve.

These days, the group is again discussing stablecoin regulation, reserve audits, and rumors about some coins potentially losing their peg. When emotions run high, everyone just wants to go for something "more stable." But stablecoins aren’t inherently stable; a loss of peg can be quite deadly for LPs. If you withdraw slowly, you might get hit full force. Anyway, right now I focus on three things in market making: confirming numbers, exit channels, and whether I can sleep soundly in the worst case. That’s all for now.