#DeFi借贷市场 After reviewing the Uniswap burn proposal and Maple Finance's $500 million large order, I have to be honest — behind this wave of DeFi lending market prosperity, there are many things we must be cautious of.

125,000 votes to 742 votes, this voting result is indeed ironic. The original intention of governance is to decentralize decision-making, but it has turned into a one-sided "democracy," and some even joke that it's more absurd than certain national elections. But what I want to emphasize is not this joke, but that you must understand one thing — when everyone votes in the same direction, it often means you are all making the same assumption. If the assumption is wrong, collective losses will follow.

Maple's $1.5 billion outstanding loans look impressive, but you need to seriously ask yourself: who are these funds lent to? Is the collateral sufficient? I've seen too many "record-breaking" data in 2021, and in the end, they all turned into bad debts. The DeFi lending market is now recovering, with institutional funds entering, which is not wrong in itself, but don’t be fooled by the growth curve.

The most critical point is — high leverage, new financial products launching (like the silver contracts recently added on Trade.xyz), all of these amplify gains while also magnifying risks. I become alert at 10x leverage. This is not a trading opportunity; it’s a deep pit. If you have $100 in your account, 10x leverage means a $1 fluctuation can wipe you out.

If you want to survive longer in this market, don’t be greedy. Conduct thorough due diligence on lending products, and don’t rush to play with newly launched derivatives — regulatory signals are still so vague. This DeFi boom is real, and the opportunities are real, but the speed of losses is just as fast.