Well, I’m just venting a bit—I just came across a new L2 that posted a big incentive. Everyone in the group was shouting “Go, go, go!” But then an old veteran replied in the comments with “dig it up, then sell it,” and that one line totally broke the newbies’ hearts 😂. Honestly, the ways people are driving TVL to new chains these days are getting more and more alike: they publish an “airdrop plan”—then toss out a few pages of an audit report—then show the upgraded multisig. After a newbie reads all that, they’re left completely baffled: should we trust it, or not?

I’ve looked at too many projects, and it just makes my head spin, so I can only tinker while petting the cat. Actually, how many stars does it have on GitHub? Find two well-known institutions to cross-check the audit reports, and then also keep a close eye on the upgrade multisig threshold (is it 3/5 or 5/7? If the threshold is low, that’s a red flag). To put it plainly, if the project team is willing to publicly show the multisig address and the contract source code, at least the attitude is there. Even if there are bugs in the code, if someone really tries to tamper with it, the multisig can still block things to some extent. On the flip side, those that keep everything tucked away—where even GitHub hasn’t been updated in half a year—no matter how high the TVL gets, I still wouldn’t dare to go in with a big position.

Every time the cat presses itself onto the keyboard, that look is like it’s saying: “You’re naive and loaded—come on over?” Forget it—we’ll just test the waters with a small position first, keep some allocation, and watch how things play out. After all, the ecosystem is just getting started; as long as the sentiment indicators haven’t turned bad, I’ll keep working on it. What are your own rough-and-ready methods for judging whether a project is trustworthy? Please share—teach me a bit~