Many people in the square really fear nothing. Seeing those high-yield opportunities, they rush in headlong, never thinking about the moment the feast ends. Only after the big players quietly slip out do retail investors realize what true losses look like.

An annualized return of 20% sounds good, but you must understand that this means the risk you bear is far more than 20%. This is an asymmetrical trade. I have also seen stablecoin products marked with an annualized return of 200%, which sounds dazzling. But in the end? They still fall into the fate of a musical chairs game.

These high-yield projects, to put it plainly, rely on a continuous influx of new funds to sustain themselves. Once the growth stops, the system will collapse. The whales have long calculated the right time to withdraw, leaving the last investors holding the bag.

So I want to remind everyone: before pursuing returns, ask yourself if you can bear these risks. Sometimes, preserving your principal is more worthwhile than gambling on high yields.