Recently, someone asked me again, "If I just throw it into the pool, do I just lie back and collect fees?" I can only say... market making is really not suitable to be a bed. The AMM curve is basically you automatically buy low and sell high; when the market fluctuates, your position is adjusted to "less profit when up, more loss when down." Impermanent loss is not mysticism; it's math taking money out of your pocket. Whether fees can cover it depends entirely on the volatility and trading volume. Many times, the APR looks great, but after calculating, it's often better to just hold steadily.

Lately, the airdrop season has made task platforms anti-witchcraft and points systems as bureaucratic as going to work. I’ve become even more relaxed: I only use small positions in the pool to test the waters, treating it as buying a ticket to watch a show, not expecting to win by lying down. How about you?