Lessons from Luna that changed my perspective on DeFi

I made a mistake with $LUNA when it was still booming. At that time, I was very impressed by the returns from Anchor Protocol. Everyone in the industry seemed to be getting in, so I went all-in with everything I had, thinking 'it'll be fine.' In the end, as we all know, Luna collapsed, and my portfolio suffered heavy losses. What I learned clearly was about the sustainability of yield. It's not just about how high the returns are, but you have to delve deep into the actual mechanisms of where it comes from, whether it's reasonable, and always be aware that 'Too good to be true' is often true in this market. Since then, I've been more careful about the risks of 'capital' and 'returns' in DeFi. I don't just look at APY, but also the stability of the protocol and the fundamental value of the assets.