Aside from the 3%, there might have been token issuance expectations at the time, along with lobbying from the project team. The real situation, however, is something we can’t be sure of. But honestly, putting such a large amount of funds in just to earn a few percentage points of return? That’s really not worth it! Yesterday afternoon, I was chatting with @datzmycat and mentioned why I’m not too keen on putting big money into DeFi. Here’s why: 1️⃣ Risk prevention is the first principle—maximizing returns should never be the priority! The larger the fund size, the more you need to remember: don’t get wiped out, don’t lose control! Contract risks, custodial risks, governance risks, platform risk management, hacker attacks—any one of these tail-end events could result in losing not just the 3% return, but 100% of your principal. Thinking about risk is crucial, but many people are used to only focusing on returns. 2️⃣ I’m more of a believer in the barbell strategy. Put most of your core assets in places you can truly control and that are sufficiently safe; then use a small portion of funds to take on high risks and chase high rewards. The worst kind of allocation is this: Using your most important large principal to chase moderate or even low returns, while taking on high tail-end risks. Returns have a ceiling, but risks don’t. That kind of risk-reward ratio is fundamentally flawed. 3️⃣ DeFi maturity takes time. Even if it’s audited, has high TVL, institutional backing, and has been running for a year or two, it doesn’t necessarily mean it’s truly safe. Whether a financial protocol is stable or not often only becomes clear after it’s been through hacks, bank runs, extreme market conditions, liquidity crunches, and several complete cycles. I’m not against DeFi. On the contrary, I believe DeFi will become increasingly important. But the larger the fund size, the exponentially higher the safety requirements should be. Small money can chase efficiency; big money must prioritize survival. After all, when it comes to investing, the first rule is: don’t die. Only then can you talk about compounding.