Just being stupid myself... Last night, I was chasing a trade on a certain platform, thinking "a little slippage is okay," but the depth was ridiculously thin, and the market price smashed right through it. The average transaction price was way off from my expectations. I tried to add more to my position, but kept getting more caught up, and the rhythm was all messed up.

Looking back, there are really three points: Slippage isn't just about filling in a number; it’s about stamping how much I’m willing to be "taken for a ride"; a quick glance at the depth tells you whether to split the order or not; and then there's the order placement rhythm—rushing makes it easier to jump into liquidity pits that others have already set up. Now I’d rather go slow, place small orders to test the waters, and only add once I confirm it’s not a hollow market.

Recently, everyone compares RWA and U.S. Treasury yields to on-chain yield products. Honestly, I only trust one thing: the higher the yield "seems stable," the more I need to check permissions and track capital flows—don’t end up discovering that the stability is just someone else unloading. Anyway, I’m just trying to protect myself.