In the past, when I saw "earning transaction fees from the liquidity pool," I got excited, really thinking it was just lying back and collecting rent. Now, after reviewing more, I realize that the AMM curve is basically: when the price moves, your position is passively bought and sold, earning less when prices rise and more when they fall, and ultimately impermanent loss isn't necessarily "impermanent," it's quite common... Transaction fees are just used to offset this account.

Recently, cross-chain bridges have had issues again, and oracles' quotes have been acting up, everyone is shouting "waiting for confirmation," but I’ve become more cautious: the small returns in the pool can't withstand a sudden abnormal fluctuation plus a chain of slippage. Now, my habit is to first draw the price range I can accept; if I can't, I do less market making, even if it means some downtime, at least I have a clear idea. Just starting like this, learning slowly.