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One platform for global traditional assets
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Trade European-style vanilla options
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Recently, these small fluctuations in stablecoins have really stressed me out... To be honest, de-pegging often isn't due to a real lack of reserves on the books, but rather everyone panicking and rushing to withdraw, with a bank run psychology that moves faster than on-chain data. Transparency of reserves is also an issue; no matter how frequently the reports are issued, at critical moments, do you dare to hold the redemption channel steady? If you can't hold it, don't blame everyone for acting quickly.
These past couple of days, I've been watching lending pools, and as soon as the collateralization ratio drops and liquidation bots start warming up, I know that "confidence" is incredibly fragile. On the other hand, the points system during airdrop season has always been a bit slow for me... While others are fighting like it's a daily routine to punch in at work, I'm still debating whether to do the tasks. Then I looked up and was startled by stablecoins again. Forget it, I’ll tighten the risk controls first.