I just went through a whole round of narratives about parallel sharding—honestly, it looks lively, but when you break down the protocol, there aren’t actually many that can truly be implemented. Liquidity is patched together from here and there; the TVL numbers look good, but once you enter, it’s hard to get out.

Anyway, what I’m focusing on most right now is asset safety and the exit path—don’t end up with your funds locked in a dead vault. Recently the funding rate has been extremely volatile; the community is arguing whether this is a reversal or if it’s going to keep squeezing more air out. I don’t have an answer, but I did reduce my positions a bit. I’ll keep watching the data.

In public I might sound pessimistic, but when it’s time to run, I run; when it’s time to stay, I stay. For now, that’s it—continuing to hold on and wait.