Lately, I've been watching discussions related to stablecoins for a long time, and my eyes are a bit sore, my neck is also stiff... To put it simply, de-pegging often isn't because the assets are truly gone, but because everyone starts to think, "I'll run first just in case." As for reserve transparency, it usually seems boring, but when there's a sudden change, it becomes a lifeline: Is the report you provide verifiable at any time, matching on-chain balances, or is it just an "audit summary" every now and then? The difference is huge.

Airdrop season is also quite interesting. Task platforms are increasingly resembling clock-in work, with a points system that makes people more anxious, and as soon as there's a small fluctuation, collective emotions become more volatile. Anyway, when I look at new stablecoins/new mechanisms now, I ask before voting: Who will cover the run first, how much, and how to prove they're still there? Other tricks... I'll put those aside for now.