Just saw a brother discussing AMM curves and impermanent loss. Honestly, I didn’t take this seriously at first—I thought it was just “lying down to earn” trading fees, which sounded pretty great. Then I tried it myself with an ETH/stablecoin pool. After only two days, ETH dropped a bit. When I withdrew, everything was fine as far as I could tell, but when I did the math, if I’d just held spot instead, I might have made more. Bottom line: impermanent loss is a hidden tax—bigger volatility means a higher tax. You don’t get to close your eyes and earn.

Also, the recent controversy around restaking matryoshka dolls is similar. When you stack the returns, it looks impressive, but the risk and complexity increase just as fast. Anyway, for someone like me who’s allergic to gas, I even feel like they’re making it harder for themselves… I don’t know whether it’s really “so good” or actually “so risky.”

Oh right—I recently followed a channel that keeps posting “airdrop tutorial” content every day. I unfollowed it today. It’s not that the others are bad; it’s that I felt that after joining a few projects, the gas fees I paid ended up being more than what I earned. Forget it—something that fits you is the real best. With that time, it’s better to keep an eye on L2.