After 10.11, switching to a conservative mode for on-chain DeFi participation. No deposits into new DeFi projects. Honestly, I don’t have the ability to fully DD (due diligence) the contracts of new DeFi projects on my own, so I won’t be the first to take the risk. If top communities (like 本末) and reliable friends in the group are participating and have done their DD, I might follow along appropriately. The competition among DeFi protocols isn’t just about quantifiable data like TVL or revenue; the implicit brand and security barriers are extremely high. Meanwhile, the threshold for multi-chain deployment is very low, like opening chain-brand stores. In the long run, AAVE and Uniswap are still undervalued.