I stared at on-chain yield products for two hours, my neck stiff as if welded to the chair, eyes sore and wanting to shut, but my hand was still scrolling. That U.S. Treasury yield number kept jumping around. RWA keeps saying it’s stable and transparent—but when a stablecoin de-pegs, who cares whether the reserves are truly in real Treasuries? Let’s be honest: a bank run is basically a race to see who can run fastest, and no matter how transparent the reserves are, it can’t stop the panic. I fronted a little to try it out—if I lose, I’ll just take the loss. Either way, my stomach feels a bit tight right now. That’s it for now.