I muted the group. It was peaceful for about three hours, and then I foolishly unmuted it. Tsk—sure enough, they were back to arguing over whether privacy coins and mixers are truly “dirty money channels.” One side says compliance is a dead end, the other says anonymity is a must-have. They fought to the end with no conclusion—though it just made my head hurt.

When it was muted, I went through the pools on a yield aggregator. The APYs were advertised as better than the next—28%, 35%—as if it were free money. But when I clicked in and looked at the contract address, I just couldn’t shake the feeling that something was lurking behind it. To put it simply: for those high-yield aggregators, who exactly is the counterparty, what protocols their underlying runs on, and if a liquidation triggers a chain collapse, who steps in to cover the fallout—nobody can say clearly. Anyway, I’m not going to charge in blindly. I’d rather make a little less than wake up one day to find the contract’s been drained.

During the time the group was muted, I could actually calm down and look at on-chain data—order book depth, unlock schedules. It’s all cold and blunt, but honest. The emotions in the group are too easy to ride and take over; in the time it takes to drink a sip of water, people can be talked into it. That’s it for now—keep it muted. Out of sight, out of mind.