Seeing so many new L1/L2s still issuing incentives to pull TVL—my group chat bros are all mocking “mine, then sell,” lol, and yeah, that’s pretty real. Anyway, with my kind of small position, I can’t be bothered to mess with that stuff. I’d rather get the safety figured out first.

I’ve been thinking about three approaches lately: hardware wallets, multisig, and social recovery. Honestly, it depends a lot on how big your asset stack is. For someone like me, with only a few tens of thousands of dollars’ worth of stablecoins, buying a hardware wallet, keeping the seed phrase at home, and remembering the seed phrase is basically enough.

With multisig, unless your assets are up to the level of several hundred thousand or more, or you’re setting up a shared pool with friends, it really isn’t necessary. It’s troublesome to set up, and every transfer requires waiting for others to confirm—so slow it’s painful.

Social recovery is more beginner-friendly. If one day you suddenly blank on the seed phrase, you can still ask a few trusted friends to help recover it, but the prerequisite is that none of those people simultaneously run into trouble, haha. In short, it’s “do what you can handle.” Don’t make things overly complicated in pursuit of ultimate security—otherwise you might end up less safe. Alright, no more talking. I’m going to check whether my stablecoin interest has come in yet.