I was a bit confused when I saw the message from @Terminal_fi last night.

To be honest, the market sentiment has been fluctuating a lot during this period, and I cleared all my YT holdings last week, leaving only Plasma's USDe YT and jrUSDe. These two underlying assets are stable, with steady returns, compounding rewards, strong pressure resistance, and are still the safest positions no matter how you calculate.

As for Terminal, it was the project where I lost the most in this round. Fortunately, I made the tough decision to cut my losses at that time; otherwise, the impact today would have been even greater. Looking back now, this decision to cut losses was probably the best one I made recently.

The project party has chosen not to launch, and I can understand the reason: the ecosystem hasn't developed, there's no long-term path in sight, and launching recklessly would only harm themselves and the community. Although it's difficult, this is a responsible approach. A full refund of the principal at a 1:1 ratio, profits and points will still be provided, and the code will be open source. This is already a rare sincerity in the current market!

In conclusion, today is not easy for many people. For me, it has only strengthened one idea. Those assets and mechanisms that can truly withstand cycles in this market are always the ones with actual returns, real demand, and solid structures. Everything else, no matter how fast it runs, cannot withstand the cold reality!

Keep going forward 🫡