Recently, I saw someone say "Just throw it into the pool and earn fees while lying down," and I really have to laugh... The AMM curve essentially means you are automatically buying low and selling high. Once the market moves in a single direction, impermanent loss follows. If the fees aren't thick enough, the final amount of coins you get back can be quite depressing. Especially when there's a sudden spike followed by a sharp drop, it's basically forcing yourself into rebalancing.

Forget it, to put it plainly: market making isn't a savings jar; it's using your position to exchange for volatility money. If you don't catch the volatility, the trend will drag you away first. Now, with expectations of rate cuts and the dollar index, the same rise and fall, people arguing back and forth, risk assets get excited and it's easier to go one-sided... I follow the old rules now: don't chase hot pools, don't increase leverage, only trade when I can clearly calculate the costs. If I can't figure it out, I don't do it. Losing less feels better than earning more.