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Recently, I saw someone in the group ask again about "depegging" with stablecoins.
I tend to get itchy to check reserve proofs and on-chain flows...
Honestly, it's not that I understand more; I'm just afraid of being the last to find out.
Depegging often starts with psychological pressure: when a bunch of people start to withdraw, even if you're transparent, you'll still get trampled.
My current habit is to first check if the redemption channels are smooth and whether the reserve disclosures match large on-chain inflows and outflows,
then decide whether to split my position a bit.
I'd rather make it a little more troublesome than put everything into one "seems very stable" asset.
By the way, recently hardware wallets have been out of stock, and there are a lot of phishing links.
People's security awareness has increased, but it also feels a bit like panic spreading...
Anyway, I won't click on unfamiliar links if I can use scripts; I'd rather be slow.
That's all for now.