These days I saw someone say that AMM market making is just "putting it there to collect fees," and I couldn't help but... well, don't get too excited. That thing about curves, honestly, is just that the price moves, and your position structure is forced to change accordingly. When prices go up, you earn less; when they go down, you hold more. Impermanent loss is not a scare tactic, especially when volatility is high, and trading fees might not even cover the losses.

Recently, RWA, US Treasury yields, and on-chain yield products have been compared together. I can understand the desire for "more stability," but a lot of times, the "stability" on-chain is just risk being packaged differently. Anyway, my current approach is pretty cautious: I don’t rush into pools I like, I set alerts/limits and leave them there. If the alert doesn’t go off, I just pretend it doesn’t exist. Strangely, after setting these, I actually don’t feel as eager to watch the charts. Missing out is fine; I’ll just sleep on it and see what happens.