Last night I almost got an itch to go into the pool and do some market making—mainly because I saw others “lie down and earn fees,” and my brain automatically filled in the story: I can do it too… I’m, after all, a learning-type impulsive player. Then I looked into the AMM curve—once the price starts drifting, your little fee might not even be enough to fill the hole of impermanent loss. Frankly, market making is more like selling volatility, not some money-bottle where fees reliably pile up.

And these days, everyone’s also complaining about validators eating MEV and unfair ordering. On-chain, you can watch the same transaction get sandwiched right before and after—it really messes with your head. Now I’m a lot more timid: either test the waters with a small position, or only provide a bit of liquidity within a range where the “loss” is something I can accept as very reasonable… for now, that’s it—let me get through this semester’s market first.