The third time I see someone treating AMM like a deposit machine, I just want to roll my eyes… The curve is fixed—when the price deviates, you end up passively selling high and buying low. By the time you react, your position has more of the weaker side and less of the stronger side. This is impermanent loss; in plain terms, it’s like “wiping down the market” and collecting a bit of fee. When market volatility is big, the fees are simply not enough to cover it.

And recently, with cross-chain bridge hacks and oracle errors, everyone is “waiting for confirmation.” Do you think it’s just a pause? Actually, during that period, liquidity pools are the easiest to be drained—slippage and mispricing both hit at the same time.

Before market making, ask yourself: can I withstand this volatility? If you can’t, don’t force yourself to pretend you’ll sleep through the passive income.