These days, there's been a lot of discussion about whether stablecoins will lose their peg. Honestly, many times it's not about the algorithm being too mysterious; it's the panic withdrawal mentality that scares people away first. As for transparency of reserves, no matter how frequently reports are issued, once on-chain large transfers or hot and cold wallets of exchanges start being interpreted as "smart money running away," the sentiment immediately gets heated... I myself also get nervous, after all, everyone fears ending up as the last one holding the bag.

Now, try to break down the "lunchbox" as much as possible: put the main course in the places I trust more, with clear redemption paths, and only pick the side dishes for high-volatility activities like yield farming or staking/rewards. Anyway, don’t treat liquidity as air; the feeling that you can withdraw at any time at least helps me sleep a little better. First, stay alive.