Stablecoins $YU have crashed again. From the initial signs of trouble to the complete de-pegging, there was a buffer period of about 5 days – the saying "don't stand under a crumbling wall" still applies here. The project team posted today that they are investigating, but the future direction is still unknown. I'm definitely scared. In retrospect: Since participating in projects in September, I've experienced a series of hacker attacks, the 10.11 incident, and the frequent DeFi collapses in the last half month. Here are a few takeaways: 👇 1/ A small number of projects can still be participated in after TGE (transparent profits, real income). 2/ Most projects can only be participated in before TGE (high hype, but difficult to fully understand). 3/ There are some projects that should be avoided altogether (opaque information, withdraw immediately if things go wrong). Note: The above is for informational purposes only and is not investment advice. Please conduct your own research! DeFi enthusiast: BitHappy