In DeFi, most people ask the wrong questions.

They ask "Where does the yield come from," but the real question should be "How is the risk priced." When market volatility intensifies, those seemingly stable returns are immediately exposed by liquidations, slippage, and liquidity exhaustion. To survive a full cycle, protocols must have a solid financial logic: what collateral assets to choose, how parameters correlate with risk, how incentives align with the protocol's long-term health—not relying on money-burning subsidies to inflate data.

There's an interesting phenomenon in the TRON ecosystem. Protocols there resemble a coordinated system that combines on-chain financial instruments: stable assets serve as pricing benchmarks, lending and collateral improve capital turnover, governance and incentives tie user interests to the protocol's prospects. The key is that TRON itself has low costs and high efficiency, allowing users to adjust positions and rebalance more frequently, and protocols to implement more precise risk control and liquidation arrangements. As a result, "risk management" is no longer just a slogan but a daily practice.

If you want to participate more stably in TRON, think like this: stop chasing single high yields, and adopt a "structured cash flow" approach. Use stable assets as a foundation, employ understandable collateral and lending strategies as an intermediate layer, and place volatile investment opportunities at the top for aggressive entry. Once the framework is set, no matter how market oscillations occur, they can instead become opportunities for you to seize.