Last night, feeling a bit impulsive, I chased after a small coin and ended up learning a lesson: I clearly set my slippage quite low, but since the pool depth was even shallower, my order was immediately eaten up, and the execution price was much worse than I expected. To put it simply, it’s not that “the market deceived me,” but that I was too hasty with my order timing, didn’t check the order book depth or the possibility of segmented trades, and just rushed in to save trouble.

Looking back, the biggest risk in shallow pools is treating continuous orders like a “bulldozer,” chasing prices higher and higher, which also easily triggers others to jump ahead. In the future, for such illiquid situations, I’d rather split the orders, extend the time, or just avoid them altogether… Anyway, earning a little less is better than paying tuition.

By the way, I was reminded that recently, the practice of staking and sharing security has been called “nested dolls,” which is quite similar to this: the paper gains look very impressive, but if the underlying depth or exit channels are thin, you’ll find yourself unable to get out when things go wrong. Today, I’ll first update the depth and slippage parameters of a few pools I often watch into my spreadsheet, and take it slow.