Recently, I saw someone treat AMM as a piggy bank. Basically, the strategy is to force you to "sell low and buy high." When the price moves, you are passively rebalancing, and the fees earned may not cover impermanent loss, especially during high volatility. It's quite easy to find yourself doing this and then realizing that the amount of tokens you have returned has changed without noticing.

Adding to that, with the current testnet incentives and the expectations around points, everyone keeps asking if the mainnet will issue tokens. When emotions run high, people just want to become LPs and wait for airdrops...

I personally don't dare to do that. I prefer to earn less and understand the risks clearly. That's how I see it for now.