#巨鲸交易策略 Seeing Solana's synthetic stablecoin protocol TVL exceed $200 million inevitably reminds one of the collapse of UST back in the day. Although it is now claimed to be fully collateralized, who can guarantee that there are no hidden tricks behind it? This so-called "delta neutral yield" sounds like a well-packaged high-risk strategy. I have witnessed too many projects go from prosperity to collapse, so I am particularly wary of this rapid rise in TVL. I advise everyone not to be blinded by high yields and to keep an eye on the risks behind it. After all, on-chain, surviving for a long time is more important than making big money.