Just saw a miner address pull off a shady move on-chain: the transaction right before blew up the pool’s slippage, and then they followed with a big order right after… This kind of MEV play really makes retail users exhausted. The ordering power is in their hands; we’re like reflections in puddles on the street, only able to watch how it twists.

Back to AMM curves—at first I thought market making was just lying there and collecting trading fees. Then I threw some USDT in myself to try it, and only then did I realize the “impermanent loss” thing really isn’t just scare tactics. You watch the price bounce up and down, your position value can’t beat holding in only one direction, and you even have to pray the volatility doesn’t get too big… In any case, I’m a bit afraid of those pools that tout “stable yields.” To put it bluntly, it’s using your own principal to absorb risk for someone else.

With the market like this, maybe the best protection is to tinker less… That’s it for now.