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Launch
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Recently, a friend asked me: When looking at GitHub, audit reports, and multi-signature upgrades, what should I focus on to consider them "trustworthy"? Honestly, don't expect to see the truth at a glance; I usually look for a few very basic points.
First, check GitHub: Is there long-term activity? Are the changes consistent with the on-chain version? Is there a sense of urgency, like a big batch of changes right before launch? Also, don't blindly trust big-brand logos in audit reports; focus on whether high-risk issues have been fixed, and whether the fixes are clearly explained. The worst is when they just say "Known risks, accepted" without details. Upgrading multi-signature is more practical: Who are the signers, how many are there, is there a timelock (giving you reaction time), and are permissions so broad that they could directly change rules?
Recently, compliance has been tightening and loosening intermittently, causing fluctuations in deposit and withdrawal expectations. Project teams are more likely to use "urgent upgrades" as an excuse. Anyway, whenever I see the word "urgent," I slow down and take a closer look at permissions and procedures.