When it comes to valuation human psychology will beat mathematical verification every time. Anyone who has paid attention to the human history of money and fina

When it comes to valuation human psychology will beat mathematical verification every time. Anyone who has paid attention to the human history of money and finance should know this. Is this a big deviation from the peg? No. But is it the first such deviation? No. Did it recover previously? Yes. But the only thing that matters is how deep the reserves are to maintain the peg. That's it. Can that survive the turning tide of confidence in it when it eventually happens? We'll see. But my money is that psychology will win the day. If your financial position depends on the stability of this or any algorithmic stablecoin (or probably any stablecoin) I would strongly advise you to correct that. Depending on a peg is, as Warren Buffett once put it, like picking up pennies in front of a bulldozer. Low reward and low reward but the downside is very, very large.