I just remembered and still feel a bit scared: a couple of days ago, I noticed a stablecoin deviating slightly. I was about to make a quick move to transfer a large amount from the chain to do some tasks and save on fees, but I took a closer look at its reserve disclosure. It looked quite “lively” but the details were somewhat obscured... I decided to hold back, split it into three or four addresses, and slowly exchange small amounts, even if it costs more gas. Honestly, a de-pegging isn’t necessarily because the asset is truly bad; more often, it’s the panic of a run that makes everyone want to run first. When transparency isn’t enough, it’s easier to trigger a stampede. By the way, I also thought about the recent NFT royalty disputes—creators want stable income, traders want liquidity, and in the end, it all depends on whether rules and trust can withstand the emotional swings. Anyway, now I tend to ask more questions about things that “look very stable”: can they really be cashed out at any time? That’s all for now.