Last night, I was browsing on-chain when I came across an upgrade transaction. The Gas was paid pretty urgently, so I went and checked their GitHub and the most recent audit report. Honestly, I can’t really understand much of the code either, but I’ll watch a few small points: whether the commit suddenly involves a massive overhaul, whether anyone has mentioned similar pitfalls in the issues, and whether the audit only reviewed the “core contracts” while glossing over the upgrade entry point. Then I look at the multi-signature setup—whether the signers are just the same few people swapping identities, whether there’s a timelock. In any case, these are more reliable than just “the community is very active.”

Lately, everyone has been discussing expectations for interest rate cuts and the U.S. dollar index. Risk assets rise together for a while, then fall together—sentiment really changes as quickly as the weather. The more it’s like this, the more I feel that “credibility” shouldn’t rely on feelings: an audit is a health check report, not a magic get-out-of-jail card; GitHub is a dashcam—you should focus on whether there’s consistent activity; multi-signature upgrades are the steering wheel—you need to find out who’s holding it and whether it can be stopped with a single move. Don’t rush in—first, push down the most basic uncertainties, and you can sleep soundly.