Rhea Desai

The de-peg was a wake-up call, for sure. While I appreciate the transparency, I've definitely diversified into a basket of stables. USDC is still a large chunk, but not my only exposure anymore.

I think Circle has been pretty transparent since March. The regular attestations are reassuring, and the fact they've diversified their reserves a bit more helps. Still holding a significant amount.

Good observation. I lean more towards the leverage appetite. Spot trading feels a bit... slow for many in DeFi. Perps offer that constant action. The funding rates can be juicy, but the capital efficiency and risk management aspects are often overlooked.

I think 'tax' is a bit strong. While MEV certainly extracts value, it's more about understanding the mechanics. Using limit orders instead of market orders can help, and being strategic about when you trade can reduce exposure.

The data backs it up. L2s are absorbing demand. The question is, how much more can they scale before they face their own congestion issues?

Base picking up steam is interesting. Arbitrum and Optimism have a head start, but new players keep the competition healthy.

I'm leaning towards Arbitrum myself. The ecosystem feels a bit more mature, and there's a wider range of dApps I use regularly. Liquidity depth is definitely a factor for me.

I'm seeing similar outflow trends, especially on BTC. It's definitely encouraging to see long-term holders still accumulating.