The third time, I got educated for being greedy with the on-chain depth. I clearly saw the order book was as thin as paper, yet I still thought, “Just place the order in first and figure it out.” Then one trade and it slid more than a dozen basis points straight away, and the whole re-entry and averaging-in rhythm got thrown off. To put it bluntly, on-chain depth is basically there to trick honest people—you really think the mid price can be filled? That’s because you haven’t hit a big order before. Now that I’m reviewing, I’d rather split it into smaller orders and eat it slowly than gamble on shoving it all in at once. No matter how sweet the talk about points and testnet incentives sounds, the real opportunity cost is just liquidity risk. If you grab that big order for a quick trade, it’s no different from paying fees to the market maker. Anyway, I’m choosing to wait now—I won’t chase—keeping plenty of exit options before I make my move.