Just saw the group chatting again about market making and this “lying down to earn” stuff. I used to think the same way, too. But later I realized it’s not as simple as doing nothing and letting it ride. The term “impermanent loss” sounds pretty mysterious—plainly put, it means when the price swings, the ratio of the two coins you deposited changes. When you withdraw, what you end up with might be worse than just holding the spot tokens all along. Anyway, I tried it a few times with a small position, and in a choppy market, the trading fees I earned weren’t more than what I lost. If you’re more of a laid-back, carefree type of player, don’t take it too seriously.

Lately I’ve been seeing miners and validators making a lot of fun money from MEV. Retail users are complaining that transaction ordering is unfair. But think about it: market making is also essentially being used as expendable cannon fodder. If the timing isn’t right, it’s better to just lie low.

That’s it for now—I’ll note it down. Making peace with the market is tougher, but figuring it out feels more comfortable.