I just paid another tuition fee. It kind of hurts, but at least it’s a lesson I’ll remember.

Earlier, I saw a pool from an RWA project and wanted to grab some on-chain yield. In the end, I placed my order too hastily, and the slippage immediately ate up about half of my position. Looking back, I didn’t even check the depth chart carefully then—I just wanted to catch that wave of upside. But once the market moved, my little order became a sacrifice to “price discovery.” When I was new, I always thought that once you rush in with a market order, that’s all there is to it. Now I know better: before placing orders, you should actually look at the depth, fine-tune your slippage tolerance, and even enter in multiple smaller batches—your experience will feel a lot more comfortable.

And those on-chain products based on U.S. Treasury yields are definitely pretty popular right now. But with liquidity fragmented, it’s really easy for small wallets to get cut. Anyway, my takeaway is: don’t chase the trend. Slippage that looks small can add up into real money. That’s it for now—I’m going back to being a dust collector.