Just woke up and saw a USDC reserves report. Honestly, after farming in DeFi for so long, I’m a bit numb to these de-pegging psychological warfare tactics. Even if your holdings are transparent and your collateral ratio is healthy, when the market panics, people still rush to redeem—just like the next-door garden suddenly shouting that pesticide is being sprayed, and everyone scrambles to pull up seedlings and run. The underlying assets don’t really have much of a problem; it’s mainly that the psychological spiral is too scary.

Also, NFT royalties drama is pretty much the same: creators worry about losing revenue, and if secondary liquidity gets worse, no one can get out. Anyway, I’m diversifying as much as I can now. For stablecoins, I also choose a few pools and allocate a bit to each—don’t put all your eggs in one basket. That’s it for now.