Recently, someone told me again, "Just go to the AMM pool and lie there collecting fees," and after hearing it, I felt a mix of amusement and fear... Basically, the curve thing is just you tugging at the price; when the market suddenly swings, your position will passively deform. Impermanent loss is not just a concept; it can actually eat away at the "fees earned" little by little. Market making is more like providing liquidity to the market in exchange for a tip, but you have to accept that what you get back might not be the two coins you want most in the ratio you expect.

These days, AI Agents and automated trading are being hyped up again. On-chain interactions only take a few clicks to "earn money automatically," which sounds great, but I care more about who has the permissions, whether the contract has traps, and honestly, I prefer to do less now. And... I no longer chase explanations; some randomness can just be considered as market weather. First, draw clear boundaries for the risks before proceeding.