I'm now watching whether the project is seriously working, and I don't pay much attention to their vision anymore, just focusing on how the treasury is being spent: whether the money is being released gradually according to milestones, or if a lump sum is transferred to multi-signature wallets and then "operational expenses" are used to fudge it; development has no real progress but salaries, consulting fees, and marketing expenses are still coming out every day, basically just prolonging their own survival. Recently, the group has been discussing stablecoin regulation, reserve audits, and de-pegging rumors, which is quite frustrating to see. Honestly, everyone is just gambling on "not being the next one." After lowering my expectations, I feel more relaxed: I still test new pools, but with permissions being too broad and funds flowing too convoluted, forget it. I only have one life, and I take it day by day.