Recently, I saw a bunch of people talking about AMM as if it's like collecting rent while lying down... I'm really speechless. The curve is right there, and when the price fluctuates, your position is passively traded back and forth. Impermanent loss, to put it simply, is "you earn less when it goes up, you buy more when it goes down." The small fee you earn at the end might not even be enough to cover your emotional swings. Not to mention cross-chain transfers, gas fees, delays, and network congestion. I've been educated multiple times before that arbitrage is not as good as sleeping—it's not just a slogan.

These days, AI Agents and automated trading are heating up again. Some people are hyping it up wildly, as if robots can help you eliminate IL. If you really want to go for automated interactions, don’t rush to imagine profits. If you don’t understand contract permissions, authorization scopes, private keys/signatures, and other security details clearly, you’ll lose money faster than doing it manually. Anyway, I now stick to a rule: if I don’t understand it, I don’t touch it. Missing out is okay. That’s how I handle it for now.