Late at night, I was checking a project's treasury expenditures on the blockchain and suddenly felt a mix of reassurance and unease: reassurance because the money isn't just blindly sent to "market/consultant" addresses, and I can see the payment rhythm related to development; unease because they are good at talking during each milestone announcement, but the on-chain spending doesn't keep up, like "drawing a pie first, then patching the accounts"... What I care more about now is: for the features they say they want to develop, is there corresponding expenditure after a while, are there ongoing small outflows (showing real work is being done), rather than a one-time large transfer followed by silence. Recently, cross-chain bridges have been hacked again, and oracles have experienced abnormal quotes. Everyone is calming down with the phrase "waiting for confirmation." Frankly, I do the same—seeing the treasury suddenly make abnormal transfers, I stop first, preferring to miss out on some interest rate differences rather than inviting trouble for myself.