Being a market maker, in simple terms, means you're getting rekt back and forth between two curves. Others see you providing liquidity as glamorous, but in reality, if the token price drifts a bit too far, your inventory turns into a charity combo of "buying high and selling low."

Recently, several new chains have been spamming incentives to pump TVL, and old-timers in the group are spamming the "farm, withdraw, sell" mantra again. I've learned my lesson—I'll first check the liquidity pool depth and whether the fees can cover the IL. After all, the curve won't lie to you, but my position will.