I was just about to impulsively uninstall a certain market-making tool… 😅 The recent losses from impermanent loss have been getting to me a bit, especially in some pools with shallow depth—once you enter, you’re losing on both ends. Forget making passive gains; even staying idle is hard. Today I went back through my old trade logs and found that after running for a few months, the little bit I earned in fees was all eaten back by impermanent loss. Honestly, it would have been better just to hold spot directly—at least it’s less stressful.

But if I think about it calmly, the real issue is that the curve selection wasn’t right. Putting low-volatility tokens into high-slippage pools like that—of course you’d lose. I’ve also been seeing a lot of noise in the NFT space about the balance between royalties and liquidity. It’s really the same logic as AMMs: you think you’re acting like a landlord collecting rent, but it turns out you become the clueless one paying for volatility. Alright—I'll keep the software for now and take a calmer approach, then later I’ll research how to pick pools properly.