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Just translated an upgrade announcement for a lending protocol, and the comment section is again arguing about "the unlock calendar is coming, will it cause a dump."
As a newbie like me, I look at credibility first, not whether TVL is foggy or not, but instead focus on three things:
Is someone really updating the code on GitHub recently (not just changing the README)?
Does the audit report clearly state what has been fixed or not fixed?
Most importantly, the multi-signature upgrade—how many keys, who holds them, and whether there is a delay in taking effect.
To put it simply, if the multi-signature can be upgraded with a single click by two or three people at any time, that’s more unsettling than the unlocking pressure…
Anyway, I’d rather use it slowly now than gamble on “the team’s self-discipline.”