Recently, in the group, there has been a heated debate about privacy coins/mixing coins and the compliance line.

In the end, it all boils down to the same issue: who bears the risk and who pays the cost.
While at it, I also thought about the AMM thing.
Many people treat "putting in liquidity for market making" as a deposit, but when the market fluctuates, impermanent loss is no joke.
To put it simply, you're betting against the market along a curve; the faster and more the price diverges, the more your assets are passively rebalanced.
Can the fees cover it?
It depends on trading volume, volatility, and the interval/weights you choose.
Anyway, you're not just earning passively.
Before voting or adding new pools, I now want to ask: where does the incentive come from, and where will the selling pressure ultimately go…
That’s all for now, I’m tired.