#以太坊行情技术解读 Bitcoin has traditionally been viewed as a simple store of value, but an idea is changing this paradigm—through asset layering, allowing BTC holders to maintain their underlying exposure while flexibly adjusting risk and return as needed. The core concept is to decompose BTC’s financial attributes into three independently operated layers.

**Security is the most critical part.** The Bitcoin deposited itself serves as the system’s final fortress, with over-collateralization designed to withstand market volatility.

The liquidity layer is different—via stablecoins minted through smart contracts, you can access funds at any time to seize market opportunities or meet daily needs, without selling your coins. This solves a common dilemma for hodlers: wanting to capitalize on opportunities but reluctant to reduce their holdings.

The most interesting part is the yield layer. The minted stablecoins can be further transformed to automatically participate in low-volatility yield strategies, allowing idle liquidity to generate growth. One principal amount, three uses—this is capital efficiency in action.

**From an implementation perspective, the logic is very clear:** first lock in BTC to ensure long-term confidence, then extract liquidity as needed to handle short-term demands, and finally allocate excess liquidity to growth strategies. For the entire DeFi ecosystem, this also introduces Bitcoin’s ultimate trust endorsement, directly enhancing the system’s credit foundation and stability.

The governance rights of the system are held by token holders, including core parameters such as collateralization ratios and strategy weights. This is not only a governance tool but essentially defines the future form of Bitcoin’s capital efficiency.

**Looking at it from a different angle:** if you truly adopt this layered system, how would you balance the proportions of these three layers? Would conservative investors prefer to hold more in the safety layer, or would more aggressive ones allocate more to growth? This choice actually reflects individual financial planning approaches.