Just got educated by myself… Last night I wanted to “fast in and out” to catch a small move, but I stepped right into a slippage trap. The order was sitting there with the spread looking not too bad, but once I actually clicked to confirm, the pool’s depth was as thin as paper—so the fill got pushed away immediately. When I turned back and looked, it was like I was doing charity for someone else.

To recap: I was too impatient. I saw the K-line move and chased it, without checking the order book/depth first. The slippage setting was also too loose. On-chain, that transaction went through two hops in the 0x8c…1f3 routing, and the second hop had even worse liquidity. No wonder the moment it executed, it “whooshed” off and deviated. In plain terms, my order timing was off: I should have split the orders when I needed to, and I should have waited when I needed to wait.

Recently, everyone’s been comparing RWA and US Treasury yields with on-chain yield products. My current feeling is that the returns look “stable,” but the execution is anything but stable… Anyway, from now on I’ll focus on depth and slippage first, and then we’ll talk about whether I’m making money. For now, that’s it.