I recently got the itch again and wanted to "lie down for a while" in the pool, but as soon as I looked at the AMM curve, I calmed down: once the price deviates, your coin ratio is automatically swapped back and forth, in simple terms, you're selling high and buying low, and in the end, you might end up with less than doing nothing... Impermanent loss really doesn't show mercy. The turning point is: it's not impossible to do market making, but don't treat it as fixed-term investment; the fees look attractive, but when a wave of Meme/celebrity shoutouts causes attention shifts and the price swings like a roller coaster, the fees can't make up for it. I'm more of a conservative indicator, try a small position and then withdraw, don't think about catching the last leg, anyway, when I "like" something, it just starts to fall.