I just turned off that alarm clock on the desk, and while I was at it, I reviewed last night’s botched trade: I thought the pool was big enough, but the depth was actually very thin. I entered all at once, and the slippage directly woke me up... To put it simply, it wasn’t a market trap—it was that I was too急 when placing my order and too reckless with my pace. Later, when I think about it, even if I want to enter, I should scale in several times: try a small amount first to see how the fills look, then add slowly. The same goes for rebalancing—don’t see yourself as a “savior of the market price.” Recently, everyone has been comparing RWA and US Treasury yield to on-chain yield products. I look at that too, but the more I look, the more I feel this: no matter how good the yield is, the real hidden “interest rate” is the cost and slippage at the moment you enter and exit. From now on, every time the alarm goes off, I’ll remind myself once: go slower, don’t gamble.