Today I almost got the itch again and wanted to throw a trade into the pool to do market making… Honestly, it’s just that I get fixated on the illusion of that curve—the “fees can be earned even while lying down”—and I start feeling like I’m dating the market: it moves, and I collect tolls. Then it hits me that impermanent loss exists, and I realize that curve is really pushing me into a script of “sell low, buy high.” Even if it goes up, it may not feel good, and even if it goes down, it doesn’t necessarily mean I lose less.

And lately, haven’t people been complaining that the on-chain data tools/tag systems are a bit laggy and might even mislead? So now when I see prompts like “smart money is adding to positions,” I even put a question mark next to it… Anyway, when it comes to market making, don’t treat it like a savings account—keeping a trading mindset is probably more normal. That’s it for now; I’ll wait and see after I’ve cooled down for a couple of days.