Lately, I've been seeing everyone chasing testnet incentives, calculating points, and guessing whether the mainnet will issue tokens... I also get curious, but honestly, the first thing to check is whether "this project is reliable."

Here's a simple trick for beginners: go check GitHub first, no need to understand the code, just see if someone is maintaining it long-term, if there are discussions and reviews, and avoid projects that suddenly have a burst of updates one week and then go silent.
Don't rely solely on audit reports as a shield; focus on two points: what scope was audited, and whether the issues found have been fixed (preferably matching the records in the repository).
Also, look at multi-signature upgrades—don't just check the number of signatures, see if the signers are decentralized, if there's a timelock (giving you time to escape), and how strict the permissions are.
Anyway, my habit as an LP is: after checking these, decide whether to get in. I’d rather earn a little less and sleep peacefully.