I’ve found that I’m far more sensitive to unrealized losses than unrealized gains… With the same -5% and +5%, the former can wake me up in the middle of the night to check my phone, but the latter just makes me think, “Yeah, it’s fine,” and keep scrolling. To put it simply, I’m afraid I’ll “give back” what I’ve already got—even though I haven’t really gotten it; it’s only that it looks nice on the books.

Recently I’ve been watching new L1/L2 projects push incentives while pulling TVL. Old users complain about “mining and selling,” and I get dragged into the anxiety too: I’m afraid I’ll end up as just a liquidity background prop. Now when I interact, I’m even more tightfisted—factor the costs in first, keep the route from getting too circuitous, and treat unrealized losses as tuition fees written into my budget. At least that way, it won’t affect my sleep… My colleague even laughed and said, “Your airdrop looks like risk control.” Well, maybe it really does.