Recently, I’ve seen everyone lump RWA, US Treasury yield rates, and on-chain yield products together to compare, and I feel a little out of sync: people talk about returns like they’re soaring, but no one seems to care to talk about where the keys are kept… Put simply, deal with staying safe first—then talk about interest rates.

My blunt way of categorizing it is: for small amounts of money, use a hardware wallet + write the backup clearly—don’t take photos of the seed phrase and store it in the cloud. When the amount of money is large enough that you start to “lose sleep,” multi-signature is really appealing, but don’t jump straight into three-party or five-party setups—handling even a simple transfer becomes exhausting when you have to gather people and you’ll drive yourself crazy. If you truly want to balance things so that it can be recovered even if you lose access, social recovery is quite suitable, but the premise is that you really have a few reliable people you can entrust—otherwise you’re just outsourcing the risk to your social circle.

I treat complexity as the enemy: if you can sleep fine with a simple solution, don’t tie yourself in knots just to look professional. Anyway, I can change my profile picture at will, but I don’t want to keep playing games with private keys anymore.