Today I saw someone say "On-chain arbitrage is very simple" again, and my first reaction was: hmm, this statement itself is like a trap. I take simplicity as a trap. You think you're catching opportunities, but in reality, you might just be paying tuition to sandwich bots: you buy and sell, and they sandwich you, taking away fees + slippage, and what's left is pretending "I'm just doing strategy."

Recently, the staking/sharing security approach has been criticized as "copycat," and I can understand: the more touchpoints, the harder to control, and the compounded returns look attractive, but when things go wrong, it's also compounded. Anyway, I now prefer to do fewer moves, look at more trading paths, and not think of myself as a hunter, only to end up as meat in the pot. That's all for now.