I’m now less inclined to chase the stories project teams tell and more focused on whether they’re actually doing real work. First, I check where the treasury money goes: do they release funds step by step according to milestones, and does what’s spent translate into something deliverable? Instead of coming out right away with a bunch of “partnership/ecosystem/market” talk, and then the on-chain transfers end up in a few familiar wallets—if it’s that kind of thing, I just quietly move on. I can understand the recent backlash too around re-staking, shared security, and “yield stacking” being criticized as a “Russian nesting doll” scheme. Even if the returns are written up beautifully, if treasury spending can’t keep up with the R&D timeline, then in the end they’re just relying on new narratives to stay alive. In any case, I’m the kind of person who goes wherever it’s cheaper. When I see spending transparency and milestones that actually match up, I’ll stick around with a closer look; if I don’t get it, I skip it—I’d rather save on fees than listen to explanations.