Over the past couple of days, the group has been churning out talk about stablecoin regulation and reserve audits, and some people keep forwarding “it’s about to depeg”… I’ll admit I get jumpy too, but the truth is: the fuller your emotions, the easier it is to make messy trades.

Quick reminder to myself: the AMM curve isn’t an automatic money-printing machine. The little trading fees you earn from market making—when you run into a one-sided market—can be swallowed right back by impermanent loss, especially in pools you think are “stable.”

Anyway, I’ve set a rule for myself: don’t fill up your position just because others are shouting that things are stable. First, put in a proportion you can sleep soundly with. If something really goes wrong, you won’t have to stare at the K-line all night.

That’s it for now.