Recently, someone said "just throw it into the pool and earn passively," and I couldn't help but laugh a little... The AMM curve, to put it simply, is just you passively helping the market set the price. When the price moves, the position is twisted around by the algorithm. Impermanent loss isn't mysticism; it's you exchanging the "part that follows the trend" for transaction fees. Especially when the market is crazy, the fees look high, but losses can also come faster.

And now everyone is complaining about miners/validators taking MEV and unfair ordering, I can understand: you're providing liquidity in the pool slowly, while others cut in line and eat the most profitable part first, leaving you to bear the remaining volatility.

I don't have strict rules about "long-term"; at least you should endure one or two big emotional swings... For me, it's more like looking quarterly, and those heartbeat fluctuations within the week are just noise—don't get too caught up in it.