Just woke up and saw someone complaining again about “market making lying down and earning,” and I really want to say… The AMM curve is basically you being forced to sell as the price rises and having to keep buying when it falls—plainly speaking, you’re acting like an automatic rebalancing robot. When the market suddenly moves in a straight line, impermanent loss starts to come after you. And if the fees aren’t enough to cover it, seeing the tokens in the pool dwindle will instantly crush your mindset. Not to mention what’s going on with MEV and transaction ordering right now—when there are more validators/miners, they end up taking an extra layer, and for retail traders the feeling is, “I provide liquidity, and you guys are standing by choosing the fattiest portion to eat.” I only dare to test with small funds now; I’d rather touch fewer pools with big volatility. Deal with the “pest control” first before talking about your returns—because you really shouldn’t treat market making like a savings account.