I’ve realized that people are really double-standard: when making quick profits, they put their phone down as if nothing happened; even when experiencing temporary losses before selling, their mind starts writing a little essay, and the first thing they do when waking up in the middle of the night is to reach for their phone to check… Honestly, loss aversion is just forcing you to treat the “possible pain” as if it has already happened.

Recently, someone compared RWA and U.S. Treasury yields to various “yield products” on the chain, sounds pretty stable, right? But as soon as there’s a layer of packaging hiding the risks, I immediately can’t sleep: no matter how attractive the interest, it can’t withstand a withdrawal freeze, a parameter change during liquidation, or a surge in on-chain congestion fees. Anyway, I’ve learned my lesson now— the more they promote “earning while lying down,” the more I ask first: will the bed I’m lying on collapse in the middle of the night? That’s all.