The River Isn’t Deep

A stranger on horseback came to a river with which he was unfamiliar. The traveler asked a youngster if it was deep.

“No”, replied to the boy, and the rider started to cross, but soon found that he and his horse had to swim for their lives.

When the traveler reached the other side, he turned and shouted: “I thought you said it wasn’t deep?”

“It isn’t”, was the boy’s reply: “it only takes grandfather’s ducks up to their middles!”

Reminds me of market misunderstandings. Just because the surface appears calm, doesn't mean there are underlying risks. Always dig deeper and consider multiple perspectives to avoid getting caught off guard.

This analogy reminds me of how some DeFi projects are often underestimated before their true depth is revealed.