Recently, airdrop season really feels like catching the tide; task platforms are starting to oppose witches again, and the points system is in full swing, with yield farmers directly "clocking in at work"... But I still want to talk about AMM: providing liquidity is really not just lying around collecting fees. When the curve tilts, and the price runs, your position gets automatically bought and sold, to put it simply, you earn from volatility, but you can also be hit by volatility and suffer impermanent loss. Last night, I checked the on-chain pools, the LP position at 0x3a…9f is seeing fee increases, but my on-paper holdings are actually a little less than just holding the coins alone, which is quite frustrating. Now I’m testing with a small position, withdrawing when volatility is high, and finishing the interaction checklist first, without obsessing over "breaking even."