Yes, it has acted as a lifeboat. Yes, it's volatile. Just look at how the life raft bounces up and down with the waves and compare it with the "stability" of the sinking ship. And in the lifeboat there is no heating, no light, no roof, no drinks and no orchestra. The purpose of the lifeboat is to save lives, not to be comfortable. Comfort will come in due course (UX is improving, LN is becoming more reliable and volatility is decreasing).

The euro is very comfortable. The comfort of the boiling frogs. But any politician or bureaucrat can take away your comforts with a keystroke if they don't like you or fall out of favor or whatever. If you don't have a place in the lifeboat, you will have to jump straight into the freezing water (or stay put and listen to the orchestra until the end, while you pretend that everything is fine).