Recently, I've seen people interpret ETF capital flows and the risk appetite in the US stock market together, casually saying "on-chain is about to take off," which makes me a bit nervous... Anyway, I feel like when I work with AMM, it's more like watching a curve demanding payment from me. When the price moves, the position automatically shifts into a loss, and impermanent loss isn't just scare tactics; it's really like you think you're stacking coins, but in reality, you're passively selling off or getting caught in a slippage. Earning fees is nice, but don't think of it as easy money, especially when the market is volatile. I still stick to my old habit: first do a thorough authorization check, then try with a small position. Forget it, I won't be greedy.