Lately I've been looking at a few pools over on that bridge, casually checked out the AMM curves, and the more I look, the more I think that saying "market making for passive income" is quite misleading. When the price moves, your position gets pushed along the curve to switch to the other side, and in the end, watching the fee income feels pretty satisfying, but when I do the math, it's actually better to just hold steady—impermanent loss really doesn't play fair.

Especially with new L1/L2 incentives boosting TVL, it's lively and exciting, but many people are just here to mine, dump, and sell. The volatility is even fiercer, and people in the pools are more likely to get "shaved" off their profits. Anyway, I'm now more concerned about liquidity gaps and exit strategies—taking it slow if possible, so I don't end up trapped in the pool in the end—basically, slow is fast.