I set a rule for myself: before thinking about "throwing tokens into the pool to earn fees passively," I first pause for five minutes to review the AMM curve in my mind. Basically, once the price moves, the position is automatically adjusted along the curve to "sell more as it rises, buy more as it falls." Watching the fee income feels pretty good, but impermanent loss is silently keeping track in the background. When the market suddenly swings, I realize that after all the effort, I might as well just hold still... I’ve fallen for this trap before, getting caught up in FOMO and thinking I was "market making," but in reality, I was just working for the volatility.

Recently, a bunch of AI agents and automated trading tools have come out, and everyone’s hyping them up as very mysterious. I’m actually more cautious now: the more automated the on-chain interactions are, the more you need to understand permissions, authorizations, and contract risks clearly. Otherwise, you might not have calculated the impermanent loss, and your wallet could be "automatically" emptied first. For now, it’s better to earn slowly than to lose everything in a confused way.