Recently, parallel execution and sharding have been getting a lot of attention—it feels like another round of technical narrative is about to take off. But whenever this happens, the first thing that pops into my head is never how technically great the idea is; it’s whether the assets are safe and what the exit path looks like. Later I found that those high-APY pools are often tightly tied to these new narratives. From the outside, it looks like you’re snatching up a new track, but you might just be taking over someone else’s bag.

Anyway, every time I see one of these “revolutionary” projects, I check first whether the contract has pause privileges, whether the liquidity is being propped up by mining and inflation, and then I think about whether the steps to run are smooth if something goes wrong. That’s it—no use saying more. If my hands itch, they’ll itch. I’ll just bet that I’m not the last one left holding the baton.

Recently, with a region raising taxes and compliance tightening, people’s expectations around on/off-ramps are also a bit delicate—so you really need to watch out and don’t step into a trap.