Hey, don’t just think that “listing a pool and collecting fees” is easy money. Market making is definitely not just lying around counting cash… When the AMM curve changes, the more the price moves sharply, the more impermanent loss feels like a backstab. You might think you’re earning fees, but actually you’re using your position to gamble on volatility. Especially these past two days, with L2s arguing over TPS, fees, and subsidies, I’ve become even more nervous: as liquidity chases hot spots and moves around, that little depth in the curve can disappear in an instant. Anyway, before I add a pool now, I first keep an eye on on-chain abnormal transfers and large swap traces. I’d rather earn less than wake up one day to find I’ve become a “charitable market maker.”