I only write one note: with stablecoins, don’t just stare at those “reserve transparency” tables—when a redemption run really hits, it comes down to whether everyone dares to run together. So in my meal, the staple food is only the most boring one with the smoothest redemption path, and the side dishes are for chasing airdrop points (now the anti-sybil plus task platforms are as hectic as going to work). Anyway, just live through it first.

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