Evaluating pool utilization rates, when is a low TVL dex liquidity pool actually profitable?

Before throwing capital into any new decentralized pair, you have to look way beyond the headline APY. toxic flow from arbitrage bots, sandwich attacks on low depth pairs, and unhedged directional exposure can turn a profitable position into a slow bleed.

What's your personal due diligence checklist before allocating assets to an on chain AMM pair?