Just saw a bunch of people discussing the transparency of a certain stablecoin’s reserves. Honestly, I stared at the on-chain data for a long time— the staked assets in that address really do look a bit twisted and tangled, and the liquidity isn’t very good either. But every time there’s the slightest change in the air, everyone rushes in to redeem it. That whole panic-driven “bank run” mindset— the more afraid you are, the more easily things spiral out of control. Anyway, I’m not too worried. My positions are small; I’ve spread them across a few pools. As long as I can sleep at night, that’s enough. Lately, the whole chain gaming side has also been collapsing badly— the economic model is completely broken, and the inflation rate has been stacked up really high. Once the studios start running, the coin price spirals down immediately. It feels pretty much the same as a bank run— once people’s hearts start to scatter and confidence falls apart, it simply can’t hold up.