I just looked at the AMM curve of a pool, and when the price deviates, the position passively shifts toward the "downward" side, appearing to collect fees on the surface, but impermanent loss is slowly eating away at you... Market making is really not about earning passively, especially during a unidirectional trend, it feels like working for volatility. Recently, everyone has been talking about staking unlocks and unlock calendar selling pressure, but I’m actually more nervous: if a wave of unlocks hits, you won’t have time to "manually stop loss" in the pool, you can only be pushed to rebalance by the curve. Anyway, now I see pools with high volatility and low fees and get a bit scared, I’d rather move less.