These days, I saw someone say "Just toss it into the pool and you'll earn passive income," and I couldn't help but laugh... The curve of AMM is basically just automatically arbitraging between ups and downs for you. Once the market starts moving, your asset ratio gets completely scrambled, impermanent loss is no joke, and sometimes the fees earned aren't even enough to cover it. Looking back, when people complain about validator income, MEV, and fair ordering, it's actually quite similar: on the surface, the system seems "very automated," but behind the scenes, it's all people fighting over those tiny gaps. Anyway, I'm currently more inclined to observe first, and decide whether to step in once the story has developed halfway.