Just now, switching coins on-chain almost sent me into meltdown… I set the slippage pretty wide, thinking that would keep things safe, but in the blink of an eye, the execution price was “carried away,” like someone cut in front of me, and even casually picked up the loose change on the ground. To put it plainly, this MEV/ordering is: you think everyone is lining up to buy tickets, but actually someone is standing there with the queue leader’s megaphone, adjusting the order.

What scares me even more is that I almost took that high-leverage perpetual setup and got itchy to bring it to the chain too—thinking I’d “fast in and fast out to catch a bit of volatility.” If I really did that, I’d probably have to rename it “Last Night’s Liquidation Plus.” Let’s not argue about what’s fair or unfair for now; the biggest impact is still on small orders and the kind of behavior that chases pumps and sells into dumps— the more you rush, the easier you are to get picked off.

Recently, the whole approach of re-staking, shared security, and stacking yields has been criticized as “nested dolls,” and I kind of get it now: even the underlying order can be played with in clever ways. The stacked returns look tempting, but the risks stack up right along with them… Anyway, I’ll behave myself for now—less impulsiveness, and more days alive.