有时候看 DeFi 生态的扩张,我脑子里都会浮现一幅画面:一条河本来只有一条水道,但某天有人悄悄挖开一条支流,过几天又接了一条暗渠,水就越来越多,流得越来越快。
最近 @Theo_Network 的动作,就完全是这种感觉——不喊口号、不搞烟花,而是默默又接通了一条新水路:PT-thBILL 的 DeFi 市场全面拓展。你以为只是多上线一下?其实这背后是整个收益路线图又被延伸了一段。
现在的玩法变得非常顺滑:你拿 Theo 的 tokenised money market,可以先去 Pendle 做一次拆分,变成 PT;然后手里有了 PT,又能继续往前走,把它押到 Euler 里,直接叠一层稳定币收益。一步一步,像是把本金和收益拆开、再重新组合,让同一笔资产跑出双层收益轨道。
Pendle 本身就是给“喜欢调仓、懂结构化”的人设计的,你能自己决定风险、收益、流动性怎么分。但 Theo 这次的扩容,把玩法又推到更深的 DeFi 层,不再是单点收益,而是让路线从“一条线”变成“一条链”。
我自己前几天也去 Pendle 拿了点 thBILL 的 YT,一方面想趁机加点 Theo 积分,另一方面就是看得出这个生态在慢慢变“可用、可玩、可叠”。你会发现 @Theo_Network 的扩张不是靠情绪,不靠 narrative,而是真的在给认真做收益策略的人加路线。
别人都在追故事,Theo 在铺管道。上一次我看到一个生态这样“安静地变强”,还是在牛市启动前。
#KaitoYap @KaitoAI #Yap

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