Just now I saw people bragging that market making is just “lying down to profit,” and I actually burst out laughing. With the AMM curve stuff, it looks like you’re steadily taking in trading fees, but once impermanent loss kicks in, it directly shaves off a layer of your principal. You sit there happily collecting fees, then later you find that the coins in the pool are worth half as much—what kind of “lying down and profiting” is that 🤡

What I fear most isn’t losing money—it’s losing control. Things that can be worked out clearly, and yet you still can’t help but click in.

Now the funding rate is extremely out of control—people are arguing like crazy in the group chat. Some say it will reverse, and others bet that it’ll keep squeezing the bubble. I don’t know who to trust. Anyway, I’ll just wait and watch—sometimes not moving is better than blindly moving.