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

The thing I monitor most with my scripts is permissions and upgrades: whether the pool can arbitrarily change parameters, if there are backdoors in the contract, or if the admin can pause with one click—once you've experienced it, you'll be honest. Recently, social mining and fan tokens, the "attention is mining" approach, are quite noisy; when the hype comes, volatility becomes even more intense, and market making feels more like being driven by emotions... Anyway, I prefer to earn less than to be taught a lesson by the curve. Let's talk again next time.