Recently, I keep seeing people say, “Just toss it into the pool and treat it as saving,” and listening to that makes me feel a bit uneasy… The AMM curve, put simply, is you helping the market automatically quote prices. Once the price moves off course, the proportion of assets you hold gets passively swapped out. Impermanent loss isn’t some mysterious thing— the more volatility there is, the more obvious it becomes. Market making is more like collecting a bit of fee to cover the volatility cost you bear; if you can’t make it back, don’t force yourself to hold on.

That kind of economic collapse in chain games is also pretty similar: when inflation kicks in and studios flood the market with releases, the token price spirals. People in the pool are also passively “rebalancing,” and the fees look lively at first, but when you finally tally it up, you realize you’ve been backing up the drop… For now, I just think of it as building redundancy: don’t put everything into a single pool—write the contingency plan first, and only move when you can accept the worst-case scenario. For now, that’s what I’m doing.