#Solana行情走势解读 💭 Under the assumption of a 100 basis point rate cut by the Federal Reserve, are your DeFi lending positions truly secure?

Recently, there have been rumors everywhere that the era of negative interest rates is coming—what does this mean? Capital is eager to move, thinking about bottom fishing, leveraging up, and going all-in on borrowing. But here’s the problem: the interest rate mechanisms of certain on-chain lending protocols don’t buy into this.

Take Lista DAO as an example; its lending rates are entirely determined by on-chain supply and demand, with no human intervention. What happens when FOMO sentiment explodes and everyone rushes to borrow? The utilization rate of the liquidity pool skyrockets, triggering the automatic "interest rate penalty mechanism"—borrowing costs can jump from 1% straight to 10% or even higher. Suddenly, the previously calculated returns become worthless.

The situation with $ETH is similar. Expectations of rate cuts stimulate borrowing demand, but on-chain liquidity doesn’t increase out of thin air due to macro expectations. While you’re still fantasizing about falling interest rates, the actual borrowing costs are already heading upward.

What should you do? My advice is to conduct stress tests—seriously ask yourself: "If interest rates suddenly spike above 10% within a month, can my position survive?" If the answer is no, then leveraging now is playing with fire.

Instead of being driven by the illusion of macro rate cuts, focus on real-time on-chain data. Monitor liquidity pool conditions, pay attention to changes in the interest rate curve—that’s the real survival strategy in DeFi. Are you choosing to follow the trend into risk, or sticking to data-driven decisions?