Honestly, everyone understands this—only when you’re really about to step into a trap do you remember to go check GitHub and the audit reports... Right now, when I look at a project’s “credibility,” there are only three things: whether the repository is being worked on continuously by people over the long term (not the kind of sudden flood of commits the day before launch), whether the audit clearly lays out the risk points and the specific things that haven’t been fixed, and whether the upgrade permissions are set up with multi-signature approval and the signers aren’t all from the same group. Plainly put, I’d rather miss out on some upside than get swept away by a one-click upgrade.

Recently, the funding rates have been extremely extreme again. In the group chat, they’re arguing about whether to reverse course or keep squeezing the bubble—I’m actually more interested in whether they might take advantage of the big emotional shift to change the contract/change the parameters, and whether they can explain the change records in plain, human language.

That’s it for now—slowly waiting for an entry point I can understand.