#MSCI未排除数字资产财库企业纳入范围 $ETH

There are rumors everywhere about the Fed cutting interest rates, and some are even imagining a negative interest rate era. It sounds very tempting, but the real key is—when traditional financial policy signals reach the chain, the gameplay completely changes.

DeFi has its own rules. Take lending protocols like Lista DAO, for example—they don't dance to the Fed's rhythm at all. They use algorithm-driven adaptive interest rate models that only look at the real-time on-chain supply and demand balance. The goal is indeed to maintain a low-interest environment, targeting below 2%. But how wide this "below" range is entirely depends on market greed.

Once a large amount of capital flows in and users frantically collateralize assets to leverage and borrow stablecoins, the utilization rate of the liquidity pool will soar. When the system detects this signal, it automatically triggers an interest rate penalty mechanism—no room for negotiation or hesitation. Interest rates can spike from 1% to over 10% within 24 hours, or even crazier. $XRP

This is the trap. Some people believe the "interest rate cut cycle is coming" and greedily borrow funds to leverage up, only to see interest rates surge in the opposite direction, with a month's interest cost instantly wiping out all gains.

My principle has always been simple—before any lending operation, do a worst-case scenario stress test. Suppose the cost of funds really skyrockets to double digits and stays there for the entire month, can this position still hold? If the mental calculation doesn't add up, then even the most tempting opportunity should be avoided. In the DeFi world, the algorithm written in code is the highest authority; it doesn't care about human feelings, only logic. Managing risk properly is much more stable than blindly chasing the trend.