Recently, I saw someone chasing a large order on the chain and rushing in. My first reaction wasn't "there's an opportunity," but rather "is this working for Sandwich Brother"... Basically, you think you're arbitraging, but more often you're just being used as liquidity and a source of fees by others. Especially with small funds, when slippage is amplified, you end up missing out on a profit, getting hit with two slaps first.

Now I’d rather go slower: if I can place a limit order, I do; if I can use an aggregator, I use one; before executing, I look more closely at the pool depth and the price difference of the last few trades. If something feels off, I cancel; if I get the task reward, I run. Don’t get into a fight. Recently, everyone has been comparing RWA, US bond yields, and on-chain yield products. I also get tempted, but if the "yield" on-chain is built on frequent rebalancing, it’s likely to end up paying MEV and fees, which might not be worth it in the end... Anyway, I prefer to stick to discipline.