Recently, I've seen people interpret ETF capital flows, U.S. stock risk appetite, and crypto price movements as if they're all tightly linked. It sounds lively, but I'm more concerned about the small experiments in my own wallet.

AMM curves, to put it simply, are mathematical tracks you use to catch volatility: as the price moves, your position is passively shifted from "those that have gained more" to "those that have gained less." Impermanent loss isn't some mystical concept; it's like paying rent for volatility.
Market making isn't passive income; the fees are like candy coating, but volatility is the medicine.
Lately, I've been more interested in using options to buy volatility or sell anxiety—at least I understand the losses better... (Why do I always struggle to stay disciplined?)
That's all for now.