Right now, when I look at a project’s “how reliable it is,” I don’t check the K-line first. Instead, I go flip through its GitHub and audit reports. Mainly, I want to confirm: is someone fixing bugs, is the code already dead… Of course, I can’t really understand it too deeply. Basically, I focus on a few points: whether updates follow a regular pattern, whether issues actually get replies, whether the audit isn’t just a face-covering PDF and then nothing else—ideally, I can also see whether the “pitfalls” pointed out in the audit have been patched and fixed.

Upgrading the multi-signature is also pretty important. Don’t just write “decentralized governance” to bluff people. I’ll look at how many signers there are, whether they’re old acquaintances from the same company, and whether there’s a timelock (the kind that gives everyone time to react). Lately, people keep comparing RWA and US Treasury yields with on-chain returns, so I’m even more afraid that behind these “yield products,” the permissions are too big—once an upgrade happens, they could change the logic… Anyway, my own approach is pretty cautious: keep my position size small, set stop-losses in advance, and wait until I’ve done my own review and recap before making any move. That’s it for now.