#美联储降息 Seeing the recent movements in U.S. Treasury yields, I suddenly thought of an interesting comparison. In traditional financial markets, traders are betting on the Federal Reserve's rate cut pace, investing $80 million to wager on interest rate directions; meanwhile, in the Web3 world, we are building a financial system that fundamentally does not rely on central bank decisions.

This is not to say that traditional finance is unimportant, but it has deepened my understanding of the value of DeFi. Imagine a world where interest rates are determined by algorithms rather than officials, where every participant can transparently see the flow of funds, and where lending relationships are automatically executed through smart contracts—this is the monopoly that decentralized finance aims to break.

The fluctuations in U.S. Treasury yields reflect market uncertainty about the future, but on-chain, this transparency and programmability mean we can create more efficient and fairer value exchange mechanisms. As more people realize this, it’s only a matter of time before DeFi moves from the fringe to the mainstream.

This market volatility is actually proving the limitations of the old system. What we need to do is use decentralized methods to enable everyone to become the master of their own wealth.