Today, two unsettling news broke out in the industry.

Let's talk about the YU project first, which is basically confirmed to have collapsed. If you still have deposits, you should proceed with legal action as necessary. I've heard that large holders can recover their BTC, but the YU tokens in the hands of retail investors have already gone to zero.
On the other hand, the Terminal project related to ENA has also announced the cessation of operations. Many users who staked on YT have lost their investments, but fortunately, if it was just a simple deposit, they can still retrieve it at a 1:1 ratio. The background of this situation is that ENA has abandoned the converge line and is now fully embracing the Hyperliquid ecosystem.
These two things are actually quite indicative - the competition in the stablecoin and yield protocol sectors is fierce, and the strategic adjustments of project teams often directly affect user assets. Choosing reliable underlying assets and protocols is really much more important than chasing trends.