Every time I hear about stablecoins "de-pegging," my mind automatically replay those news screenshots from that year: at first, everyone said it was fine, then a couple of hours later, people started asking each other, "Did you withdraw?" Basically, runs on banks are never about math; they rely on emotional contagion, especially when reserve disclosures are slow or explanations are convoluted, people tend to assume the worst-case scenario.

Recently, some people have been criticizing on-chain data tools and address labeling systems for being too laggy, and even being misled by hype... I can relate to that. You think you're looking at "real-time truth," but you might actually be looking at delayed interpretations. Anyway, I have a simple trick now: I’d rather earn a little less than put all my liquidity into that report claiming to be "very transparent," leaving myself an easy way to withdraw at any time, so I can sleep more peacefully.