Recently, I've seen a bunch of new L1/L2 projects launching incentives to pull TVL, and old users are both rushing in and complaining, "Mining and selling"... Honestly, everyone knows this routine, but they still can't help but get itchy. I'm no longer romantic about "on-chain privacy": don't expect anonymity to be so complete that no one can monitor your activities, it's more about not exposing all your habits and asset paths openly on the chain for others to watch.

Regarding the boundaries of compliance, ordinary people shouldn't have overly extreme expectations: on one hand, when platforms/projects really need to cooperate, your so-called "privacy" is just that—limited; on the other hand, don't treat your address as an ID card, and don't run all activities from a single wallet. For me, the real "signal" is: on the chain, someone starts lurking near your usual activity paths, rushing ahead, or similar addresses suddenly change routes en masse... When I hear those footsteps, I know I need to tighten up, be less impulsive, and prioritize safety first.