Recently, I saw someone say that AMM market making is "lying down and collecting fees," and I just want to laugh... The curve is right there, and when the price deviates, your position is passively swapped into the weaker side's coin. Basically, it's an automatic high sell and low buy experience in reverse. Whether fees can cover impermanent loss depends on volatility, trading volume, and the range you choose—it's definitely not a one-click setup.

The most I personally monitor with scripts are permissions and upgrades: whether the pool can arbitrarily change parameters, if there are backdoors in the contract, whether the admin can pause with one click—once you've been burned once, you get honest. Recently, social mining and fan tokens, the "attention is mining" approach, are also quite noisy. When the hype heats up, volatility becomes even more intense, and market making feels more like being driven by emotions... Anyway, I’d rather earn a little less than be taught a lesson by the curve. Let's talk about it next time.