I'm now checking if the project is "in progress," rather than just looking at PPTs, I prefer to compare treasury expenditures and milestones to see if they match. Money is spent like mechanical gears meshing: first prioritize building the oracle/settlement foundations, rather than suddenly making big moves in marketing; milestones shouldn't just be written as "ecological collaborations," but should correspond to verifiable on-chain deliverables, such as code merges, parameter deployments, and risk switch adjustments.

Recently, rumors about stablecoin regulation, reserve audits, and de-pegging have started circulating again in the group. When everyone's emotions run high, it's easy to mistake "promises" for "progress." To put it simply, the treasury is like a fuel tank, and milestones are like a dashboard: the fuel is burning but the car isn't moving, or the dashboard is jumping around wildly. In that case, I’d rather stay away... Anyway, I prefer to take my time to see clearly rather than be fuel.