I spent half the morning looking for a charger, and suddenly I thought about how I’m in the same state with “block builders/bundles”: you don’t need to open up all the circuits inside, but you have to know that plugging into the wrong port can cause a burn.

I think retail investors only need to understand these points: first, the transaction you send out may not be included in the block in the order you sent it; others (builders + searchers) will bundle a bunch of transactions together to queue, usually aiming to make money or hedge risks; second, when you see “slippage” or “strange transaction prices,” it’s often not the exchange cheating you, but rather your intent being exposed in the public mempool, and being sniped is normal; third, what you can do is: avoid using too aggressive slippage, try to use private routing/protection modes (in simple terms, make it less obvious to others that you’re placing an order), small amounts multiple times are less conspicuous than a single large transaction.

Recently, I also compare on-chain yield products with US Treasury yields using RWA, and I’ll glance at them casually: the yield looks like “charging quickly,” but whether the path is transparent or if it’s been bundled and looped around actually affects how much electricity you get. Anyway, my current principle is: understand how the money enters and exits the block, and that’s enough to avoid most pitfalls.