Recently reviewing my photo albums as a replay, I found that I have collected another "looks stable but actually very risky" candlestick chart: the kind in AMM when acting as an LP.

Previously, my version was "Market making = lying back and collecting fees," but when the market suddenly turned, my positions felt like they had been secretly changed in flavor.
To put it plainly, impermanent loss is when you think you're stacking coins, but in reality, you're being led by the curve...
Fees are not given for free; when volatility increases, they are simply not enough to fill the hole.
My mindset version has been updated to v2: less fantasy, more focus on why I get itchy to add positions.
By the way, currently hardware wallets are out of stock everywhere, and phishing links are flying all over.
I even take a deep breath for three seconds before clicking on an airdrop page—better to miss out than to get caught up.
That's all for now.