What you see is panic, while others see opportunities for sudden wealth Sometimes the difference in wealth between people comes from differences in cognition Today I saw a tweet from the founder of Ethena, which stated that USDe experienced a withdrawal of over $1 billion within a few hours during the 1011 incident. Some people think this is someone else panicking and selling. No, you're wrong. These people are making a lot of money. During the 1011 period, Binance's USDe dropped to a minimum of 0.6. But this is not USDe unanchoring (it anchors 1 USDT), but only a regional price misalignment. Due to market panic and insufficient liquidity, prices are misaligned. For example, in Binance, many people used USDe for revolving loans and were forced to clear their positions during market downturns, which led to a decrease in the price of USDe. So this is completely different from the de cap of other coins. And what was the true value of USDe at that time? It's still 1 dollar. Because on the official platform, you can exchange a 1USDe for USDT (or other tokens) worth $1. At that time, the official exchange was normal. So, when you bought on Binance, it was a sure way to make money. A smarter person, on the other hand, would exchange 0.6 USD on Binance for 1 USD of USDT, then buy discounted USDe on Binance and exchange it on the official platform. go round and begin again. Don't underestimate the low discount. But it's very fast. And most importantly, it is risk-free! It is risk-free! It is risk-free! Because Ethena's casting and redemption functions are completely normal. Sometimes it's really important to study a project carefully and thoroughly. Especially in the current era of MeMe popularity, not many people are willing to do such big things. But sometimes it can really make money. Not only can it make money, but sometimes it can also save lives. Luna had a different fate back then. Due to a lack of understanding of the mechanism, when UST encountered an incident, several tens of millions of friends around her copied the bottom and directly reduced it to zero. above