I look at the project’s "credibility" mainly from three aspects: whether there are recent active contributors on GitHub (not just modifying the README), whether the audit report clearly explains known risks in plain language, and whether the issues have been addressed afterward; also, whether the upgrade involves multi-signature, who the signers are, whether it is decentralized, and if there is a timelock. To be honest, these can't guarantee safety, but at least they can filter out a bunch of "explanations after something goes wrong."

For blockchain games with inflation + studio + coin price spiral, many of these risks are actually already written in the reports, it's just that everyone ignores them because of the high APY... My current habit to avoid impulsive trades is pretty old-fashioned: I first close the wallet, wait a night, and then check again; if I can accept the worst-case scenario (like the bridge failing, stablecoin de-pegging, liquidation cascade), I try a small position, otherwise I skip. Surviving is more important than the thrill of a quick win.