After the last USD1 depeg, I did some research and realized they’re not as unreliable as I thought . Their underlying assets are still solid. Unfortunately, by the time I finished my research, the price had already recovered too much, so I only managed to grab a small bite. But these past couple of days, the Katana farm has been even juicier, so I’ve temporarily moved to farming on Katana. What’s more important is that there aren’t too many stacked Legos on USD1 right now. If it depegs, the main cause would still be panic selling by large holders. On the night of the depeg, some friends in the group noticed that market makers were redeeming and arbitraging like crazy on BitGo, pocketing $26M. Currently, it ranks fifth in market share within the stablecoin sector. Gotta say, those billion-dollar subsidies are still the most effective way to boost stablecoin market share.