Actually, everyone understands that the curve in AMM is not just for show. When the price moves, your position is "automatically rebalanced." Impermanent loss, in simple terms, is like you thought you were collecting fees, but the price fluctuations end up swapping you into a position you’d rather not hold. A couple of days ago, I got itchy and threw a small amount into a pool with high volatility. After watching for two hours, the fees looked pretty good, but the net value kept fluctuating up and down like a record player with an unstable speed... Forget it, I’ll go back to my familiar slow pools. Recently, cross-chain bridges have had issues again, and oracle price feeds are acting up. Everyone is just "waiting for confirmation." I’ve become more cautious: I’d rather earn a little less than get caught holding the bag because of a single abnormal K-line. Market making is definitely not a passive income; right now, I focus on the source of returns first, then consider the worst-case scenario.