PropAMMs lower Solana trade costs, and public pool returns crash

- Solana’s “cheap” swaps are just a tax on the meat wallet. A new study confirms propAMMs offer better execution for traders because they actively manage risk, while public AMM depositors get picked off by stale quotes. You want “aggressive passive income”? Cute. The data shows professional operators capture value by hedging inventory, leaving retail LPs holding the bag when prices move. It’s not magic; it’s adverse selection. Stop thinking you’re an arbitrageur and accept you’re the liquidity being arbitraged against. If your pool doesn’t have a human in the loop watching the feed, you’re just donating to someone else’s hash manifest. Check your PoD seals before you stake.