These days, some people are saying that AMM market making is just like a piggy bank... To put it plainly, once the curve changes, your position is passively "chasing the rise and killing the dip." It's okay when prices fluctuate back and forth, but when faced with a one-sided trend, impermanent loss feels like slow bleeding, and trading fees might not even cover it, especially with large slippage or getting squeezed, which can totally crush your mindset.

Now, with RWA, US Treasury yields, and other on-chain yield products being compared, I can understand everyone wanting "stability." But AMM stuff really isn't stable; it's more like you're selling volatility: when volatility is high, you might earn more in fees but also risk bigger losses; when volatility is low, your gains are just that small. Anyway, before I start, I always think clearly: am I willing to keep rebalancing within this range? Don't treat market making as a get-rich-quick scheme. What about you?