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I set a small rule for myself: when encountering a new project, don't rush to dive in first. Instead, take a quick look at GitHub and the audit reports. I don't expect to understand the code; mainly, I want to see if it's "actively maintained"—whether commits are ongoing, if there are issues being reported, and if the bug fixes seem like real work. The same applies to audits; frankly, I only focus on two points: whether there is a clear scope/version number, and how issues are handled—avoid those that just say "audited = safe" in a single sentence.
As for upgrades and multi-signature wallets, I didn't care much about them before. It was only after being burned a few times by bridge and wallet interactions that I learned my lesson: before major upgrades, I wait until the multi-signature execution records are out and the community has reviewed them before taking action. Better to delay the deployment than to risk a mid-way failure. Recently, that main chain is about to upgrade, and everyone in the group is guessing whether there will be a migration. I, for one, first make sure I understand the plan clearly: who holds the upgrade permissions tightly, and who keeps the information transparent. That makes me feel more at ease. That's all for now.