Processing the STRC DeFi Situation

I took a day off to process everything happening with STRC protocols.
My PnL on STRC farming positions has completely wiped out the farming profits I made over the past six months.
Here are my raw thoughts on the situation:
1. Never break your own rules
My core DeFi farming rule has always been a maximum of ~10% of my portfolio per protocol. I shouldn’t have broken it.
Because I was deep in the STRC flywheel, I increased my allocation beyond that limit, and it ended up costing me.
My PT and LP positions in Apyx are currently down 6-8%, and my Saturn positions are down 1-2%. It hurts, but I can only blame myself for ignoring my own risk rules.
2. You don’t know what you don’t know
No matter how thorough your research is, you’ll always miss something.
In this case, it was the "Cash & Equivalents" section in the transparency dashboard that created fear among farmers. I suspect large holders (whales) exited their PT-apxUSD positions, which triggered the heavy depeg.
3. Recovery after damage can be temporary + wait it out
At the time of writing, apxUSD is trading around $0.945. Many people seem to have dismissed the cash portion in the dashboard once they realized part of it was pre-minted supply.
From my napkin math, the true value of apxUSD still appears higher than the current market price. The protocol should be able to tighten the gap through buybacks and redemptions.
4. Every stablecoin needs to pass the stress test
I still remember one of my hero bets: buying USDC at $0.94 during the 2023 bank run FUD. USDT has survived multiple FUD cycles too.
This is essentially a survival test. If Apyx and Saturn make it through this episode, they’ll come out stronger.
I believe most of the issues will fade once STRC recovers back toward $100. I’ll be watching closely.
I would’ve loved to play the arb opportunity here, but I already have way too much exposure to this sector. NFA. DYOR.