Recently, people have been discussing stablecoin de-pegging again. To put it simply, many times it's not that the assets are truly bad, but that the panic during a run is too quick. Transparency of reserves may seem boring in normal times, but when a crisis hits, it’s a lifeline: the clearer you are, the less everyone rushes to exit; the more vague you are, even if there’s no problem, people will suspect there is one.



By the same token, the expectations for the testnet’s points are based on the same psychology... In the group, people ask every day whether the mainnet will issue tokens. I just listen to the tide’s sound, don’t take “possible” as “already happening.” What I don’t regret is that I’d rather confirm slowly and earn less than rush out with the crowd when liquidity is at its thinnest. Anyway, for now, I’ll leave it as is and see how the big on-chain players move after I wake up.
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