I was honestly scared just now… I was about to move a bit of money to set up a pool, but when I copied the address, I accidentally let an extra digit slip. Luckily, the message line in the wallet pop-up looked off, so I stopped for a second and rechecked before it could get sent out. When people panic, it’s easy to make mistakes. For something like this on-chain, there really is no regret-the-way-back.

Also, I want to remind myself: market making is definitely not “lying down and making money.” In AMM terms, that curve is basically you helping someone automatically rebalance their trades. If the price veers off, the assets you have on both sides get “rebalanced” into the weaker side, and that’s how impermanent loss comes about. The fees look pretty tempting, but if the market suddenly goes haywire, you might not earn enough to cover what you could lose.

Recently, everyone has been comparing RWA and U.S. Treasury yield rates to on-chain yield products—I get tempted too. But the more something looks “stable,” the more you need to think clearly about where the returns actually come from and who is taking on the risk. In any case, I’m still sticking to my usual approach: move less, adjust slowly, and make sure I can sleep well tonight.