Recently, I saw someone say "Just throw it into the pool and earn passively," and I can't help but feel a bit overwhelmed... The AMM curve, to put it simply, is just you helping the market automatically quote prices. When the price moves, you're forced to buy high and sell low, and the trading fees earned may not be enough to cover the impermanent loss. Especially in pools with high volatility and shallow depth, market making feels almost like being run over back and forth.

And those on-chain data tools and tagging systems have been criticized for being laggy lately, and I agree: watching "smart money" enter the market is pretty satisfying, but if the tags are misleading, and you follow along, you're actually helping others unload and cooperate in shaping the curve. Anyway, I now only dare to test the waters with small positions, keeping an eye on fees and liquidity changes—don't treat market making like a savings account... I’m off to work.