Lately, when I look at projects, am I seriously working on them? I'm actually more focused on how the treasury is spent: whether there's a clear explanation of where the money went before and after milestones, whether it's spent on development/auditing/operations—places that leave something behind—or just a bunch of inexplicable consulting fees and marketing expenses that disappear after being burned. To put it simply, I’m willing to wait even if progress is slow, as long as expenses and deliverables match up; I get suspicious when they just throw around the phrase "ecosystem incentives" to brush things off.

Here's another small observation: recently, hardware wallets are out of stock, phishing links are rampant, and if project teams are too lazy to do simple safety reminders or unify official links into a single portal, I dare not touch the treasury even if it’s huge... I only do a little testing myself, avoiding multiple approvals when possible, and when gas fees are high, I’m even lazier to move.

What I’ve learned isn’t techniques, but rather: where the money is spent, how the words are spoken, and whether things are delivered—these three are much more reliable than “a beautifully written roadmap.”