These days, I've been talking about concurrency and sharding again, and the group chat is lively like New Year’s... But I’ve been staring at the market late into the night with one thought: where exactly are you placing your assets, and can you get them out? Faster chain speeds don’t necessarily mean you can withdraw faster. Bridges, L2s, and various “yield” layers are layered on top of each other; when something really goes wrong, it’s often the withdrawal path that gets stuck.

Some people also compare RWA, US bond yields, and on-chain yield products, saying that what you’re really getting is the “credit/risk” of a certain link in the chain. Don’t just look at the annualized rate and be pleased. My approach is pretty simple: keep smaller positions, avoid custodial if you can self-custody, only use pools that you can withdraw from at any time, and don’t gamble on earning a high fee rate overnight. That’s all for now, I’m tired.