Last night I looked at that AMM curve again. It looked pretty smooth, and I inexplicably got a craving in my hands to toss some funds in and do market making… To put it plainly, it’s that kind of illusion: “I’m not betting on a direction—I’m just collecting tolls like a streetlamp,” and it makes me feel very restrained and very smart. The result, as loss never spares anyone, is that once I actually ran the numbers, I realized the smoother the curve, the better the knives are hidden: as soon as the price moves, my position gets automatically swapped out, and sometimes the little bit of fees I earn isn’t even enough to fill the hole.

Also, hardware wallets are all out of stock, and phishing links are everywhere. People like me—those who get itchy to try things—are even more likely to make low-level mistakes right when it feels like, “I’ll just operate something quickly.” Anyway, I’ll go through my wallet permissions and links first. As for market making, I’ll treat it like writing poetry—don’t think of it as post-sleep income… That’s all for now.