Last night before bed, I saw someone in the group asking again about stablecoins, "Will they depeg?" Honestly, many times it's not that the assets are truly diminished, but the panic withdrawal moment that drains the pool first. As for reserve transparency, I now care more about "whether it can be verified at any time, and who will redeem if something happens." Just posting a screenshot of an audit report doesn't feel very secure. By the way, that main public chain is about to upgrade/maintain, and everyone is guessing whether the ecosystem will migrate. I'm actually more concerned: if it does migrate, will cross-chain bridges and exchange depth become thinner? The most affected at that time are often the liquidity of stablecoins. Anyway, when I earn yields myself, I try to clarify: how much subsidy is given, how long is the lock-up period, and whether I can exit decently in the worst case. Even if the APY looks attractive, don’t gamble away the way out.