Just caught a fleeting on-chain transaction that seems like "it can make money," my first reaction was: is this me covering someone else's fees... The sandwich attack, honestly, is like you just reach out to grab some food, and the person next to you quickly grabs a piece first, then puts it back, and you still think you got a bargain. Arbitrage is the same, you see the path and the price difference, but what you end up with might only be slippage and the heartbeat of being front-run.

Recently, everyone has been comparing RWA, what US bond yields, and on-chain yield products. I actually feel a bit dazed: on one side, it looks "stable," on the other, it looks "fast," but the on-chain world is too good at packaging emotions as returns. Anyway, I now prefer to watch the timeline: who heats up first, who follows the trend, who pays tuition in the last mile... for now, let's leave it at that, don't impulsively place orders in the middle of the night.