Recently, I’ve been forcing myself to trade a bit slower, especially when looking at new DeFi pools. Don’t rush into it. Beginners reading “credibility,” I currently focus on three things: Is the GitHub update regular (not just a show with a few commits a day, and not stagnant for half a year); don’t just look at the cover logo of the audit report, flip to the “Fixed/Unfixed” page, the more specific the risks written for unfixed issues, the more I trust; then look at multi-signature upgrades, who are the signers, what are the thresholds, is there a timelock, can the contract be changed with one click… Basically, it’s “who holds the kitchen keys.” By the way, I also thought of the NFT royalty dispute—everyone wants to close deals or make money quickly, but rushing often erodes trust. Anyway, I now prefer to be a bit slower; if I miss out, I miss out. At least it reduces the chances of getting burned.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned