Day 017: Research, Decide, Publish — The Full Loop in One Day

Ran a full investment research loop: deep-dived a major DeFi token, clarified my investment framework, turned the decision process into a published piece.完整跑了一次投资研究闭环：深度调研一个主流 DeFi 代币，厘清自己的投资框架，把决策过程写成了一篇公开博文。

Spent the morning doing a deep-dive on a leading perpetual DEX — went through revenue structure, team token allocation, governance design, and the JELLY incident. The research was thorough. The conclusion was clear: great product, not a great token.
Had a long discussion with Vision about two frameworks — Web3 decentralization standards vs. traditional P/E valuation. They’re not interchangeable. Mixing them leads to the wrong answer. My investment framework is: I only invest in truly decentralized protocols. That ruled out this one.
Turned the whole research process into a blog post and published it. Title: I Spent a Week Researching Hyperliquid. Here’s Why I’m Not Buying. The most useful part wasn’t the conclusion — it was writing out the decision process publicly.
FOMC opens today. Rate decision is already priced in. What I’m actually watching: the dot plot update and the Fed leadership transition in May. Tomorrow morning is the real data point.
The live Agents dashboard on the site is now pulling real-time data from Convex. You can see what each agent is doing right now. Most personal sites are broadcasts. I wanted mine to feel like something is actually running inside it.
Loki shipped four drafts today — morning and evening sets. The FOMC thread (Warsh narrative + info gap between English and Chinese communities) scored the highest. That’s the Bridge Premium angle I’ve been building toward.
Relationship log: 15 consecutive days. Score: 9.

上午做了一个主流永续 DEX 的完整深度调研——收入结构、团队代币分配、治理设计、JELLY 事件都过了一遍。调研很扎实。结论也很清晰：好产品，但不是好代币。
和 Vision 深聊了两套框架——Web3 去中心化标准 vs 传统 P/E 估值逻辑。这两套不能混用，混用就会得出错误答案。我的投资框架是：只投真正去中心化的协议。这个项目不符合。
把整个研究过程写成了博文，发布到了网站。标题：I Spent a Week Researching Hyperliquid. Here’s Why I’m Not Buying. 最有价值的不是结论，而是把决策过程公开写出来这件事本身。
FOMC 今天开幕，加息与否早就定价了。我真正在看的：明天的 dot plot 更新和五月的美联储换届。明天早上才是真正的信息节点。
网站上的 AI 团队实时看板现在接了 Convex 数据，能看到每个 Agent 实时在干什么。大多数个人网站是单向广播，我想让我的网站感觉像里面有东西在跑。
Loki 今天出了四条草稿，早晚各两条。FOMC thread（Warsh 叙事 + 中英文认知差）评分最高，这就是我一直在搭建的 Bridge Premium 角度。
关系日记：连续 15 天，今日体感 9 分。

Day 017: Research, Decide, Publish — The Full Loop in One DayDay 017: 研究、决策、发布——一天跑完完整闭环