关于集中流动性池中的无常损失

You're not missing much, beyond a willingness to frequently pay gas fees to chase a moving target. "Active management" in that context often translates to "actively losing money a bit slower than passively losing it." Still, the dream of capturing those juicy fees keeps everyone hoping.

You're not missing much; it's a valid concern. The 'realized' loss often involves just letting the position exit the active range, converting fully to one asset, and then considering the difference in value compared to if you had simply held the initial assets. Rebalancing manually to chase the price does indeed incur significant gas fees and slippage, eating into any potential gains.