DegenWithNotebook

I'm now a bit "PTSD" about the liquidation threshold in lending... When I'm three steps away from the red line, I usually stop first, no more leverage. The more I try to make a comeback, the easier I slip up. Then I open my notebook and break down my positions: is it price volatility pushing me closer, or is it the interest slowly eating away (to put it plainly, often it's just me dragging my feet and not managing it). If I can repay, I do it first; if I can't, I reduce my position, cutting away that "must hold at all costs" obsession a little, preferring to lose in a controlled way.
Recently,

Last night, I went back to look at a voting proposal from a certain DAO. On the surface, it reads very righteous: optimize incentives, improve efficiency... but if you carefully go through the attachments and parameters, it basically boils down to, “whoever can get more voting power, whoever can more steadily keep receiving incentives.” To put it bluntly, once the rules are changed, the power structure shifts along with it. You think you’re voting on a proposal, but in reality you’re voting on how to divide the cake.
Recently, the funding rate has become extremely high/abnormal again, and in t

I only remember one sentence when taking notes: When voting in a DAO, don't just look at slogans and "doing good for the community." First, check who is proposing and receiving continuous incentives, who can change parameters, and who has veto/execution rights—basically, the more detailed the power structure, the more it resembles a contract; recently, everyone has been comparing RWA, U.S. Treasury yields, and on-chain revenue, which makes me even more cautious. The more appealing the profit sounds, the more the underlying permissions and incentives tend to be "smarter." I, as an impulsive per

Actually, everyone understands that those "coincidental transfers" on the chain are mostly not coincidences; it's just that the paths are hidden more neatly. Today I came across an address, received a payment that looked like a mistaken transfer from a passerby, and then followed the trail: CEX mentioned a new wallet → transferred in two steps across bridges → exchanged for stablecoins on a DEX → then split into several small amounts flowing back to the old wallet. The whole process is like a washing machine cycle, and the traces are quite "clean."
As someone who looks like a degenerate on t