If you want to arbitrage $DETH de-pegging, the biggest risk is whether "vultures are considered human".
Today, a whale was unfortunately phished, and the hacker smashed all the whales' DETH, dropping it from the 2000+ ETH anchor, ruthlessly smashing it down to a minimum of $14, and it recovered to the 1000+ position in the morning, still 50% short.
By the way, the hacker also manipulated the oracles supporting $DETH on various lending protocols on Blast.
$DETH is actually an ETH-anchored token of a famous LRT project Duo Exchange on Blast. This project, using an inappropriate analogy, is a micro-Pendle.
It allows users to deposit ETH and then split it into just yield or just points, allowing users to flexibly choose, which is not much to say.
However, it should be noted that:
1. It was the whales who were phished, and Duo Exchange itself is temporarily risk-free;
So many people are willing to gamble on whether $DETH can recover the anchor.
2. But Duo has not yet opened the redemption of $ETH, and the principal ETH of the whales is theoretically still lying in the protocol
But I quickly looked at the DUO documentation, and it also emphasizes in the documentation: 
The project team has an "ultimate kill switch" and can theoretically take away these principals.
In the DeFi TVL game played so far, whales who are willing to deposit large TVL in new protocols generally have already reached various principal protection agreements with the project team.
So, if the project team, out of humanitarianism (after all, it's the responsibility of the whales themselves, not the project team), can theoretically take a snapshot before the hacker steals the coins, and then use the ETH inside to pay back the whales.
Moreover, to be blunt, this project would rather not exist at all, the key is not to be pursued by the whales.
If they do this (snapshot + take out ETH and return it directly to the whales), I won't be surprised at all, this is the so-called "benevolent rug".
After all, the whales' money is too much (30M), and perhaps such an agreement can be reached.
But once this happens, the vultures (neutral term) who pick up the $DETH corpses, whose positions were bought after the hacker's sell-off, may never be able to exchange them for real money.
On the one hand, the vultures are arbitraging themselves, and on the other hand, they are also helping to "prop up the collapsing building", investing real money in ETH to protect the anchor, which is not really evil.
But what you need to worry about is: if the project team decides to be merciful and benevolently rug, rescuing the whales, then your stolen coin-bought $DETH without a snapshot may no longer be worth anything.
After all, vultures are birds, not humans, and are not within the scope of "humanitarianism".
