Just finished checking my positions and noticed the unrealized loss column is glowing green—scarily so—while the unrealized profit column is red-hot. But the time I’ve spent staring at the unrealized loss is clearly three times as long. Even though I know that the underlying logic of on-chain RWA wealth-management products and U.S. Treasury returns is basically just a probability game—unrealized losses are temporary, while unrealized gains are the norm—my brain still insists on turning the unrealized losses into a bigger performance: they feel more specific, more painful, and more like “my fault.”

Recently I’ve been looking at RWA on-chain yield products. The annualized returns seem to hover at the surface, but everyone knows deep down: even if U.S. Treasury yields look gorgeous, they’re still just one part of the probabilities—not a promise from fate. For me, my strategy right now is: if I’m in unrealized loss, I’ll treat it like I accidentally bought an option; if I’m in unrealized profit, I’ll treat it like the market just had me take a drag. Don’t let emotions turn long-term probability into a short-term loop.

Going to sleep now—tomorrow is a brand-new round.