Recently I was organizing my wallets, and I found my assets scattered like sesame seeds—one on the ETH mainnet, one on Arbitrum, one on Optimism, plus a bunch of random other chains. After reading it back, even my own head hurts. People say they diversify risk, but in reality managing it all just gives yourself more trouble.

Anyway, that’s where I’m at now: if I don’t have to mess around, I won’t. I’ll try to keep my commonly used assets on one or two chains, and leave the other chains alone. Cross-chain transfers aren’t cheap either—sometimes I end up running back and forth for an airdrop, only to find it’s better to just hold it patiently in the first place.

Recently there was an upgrade on that public chain that led to downtime, and the group chat started speculating again about whether projects might be running away. I think instead of worrying about that, you should check whether there are real users on-chain—whether the protocol has continued to see interaction. Some people panic as soon as TVL drops. But some projects die quietly; the data is right there, and it’s especially obvious.

What I’m most afraid of isn’t losing money—it’s opening up a bunch of cold wallets and not being able to find where the private keys are. Forget it, I’ll leave it at that for now and think about adding to my position after I’m done cleaning up.