2026-01-12 17:23:54

Recently, the market has been dull, with some activity on the BSC chain, but overall market liquidity is drying up. Returning to a familiar question—where should the money go?

Stablecoins indeed solve the surface-level needs of settlement and liquidity, offering smooth and stable usage, but essentially they are just high-level checking accounts. Once funds are in, they just sit there, with no logic for appreciation.

Looking deeper, decentralized stablecoins like DAI attempt to break this deadlock. Compared to simple fiat-pegged assets, they at least provide a more complex financial ecosystem. But the problem arises—under conditions of overall sluggish liquidity, even innovative mechanisms struggle to solve the fundamental allocation dilemma.

From another perspective, when the market lacks sufficient profit opportunities, the question of "where to put the money" becomes particularly impoverished. It's not a product design issue, but rather that the market itself hasn't yet emerged a new value niche.

DAI-0,07%

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EthMaximalist

· 01-15 02:50

To be honest, this round of market activity is just waiting for a new narrative. Holding stablecoins is also pointless. Liquidity exhaustion is the root cause; no matter how fancy the mechanism is, it’s useless. No matter how complicated DAI gets, it can't change the current situation. The problem isn't with the product. Does BSC still have warmth? I don’t feel it; everyone is just playing with capital pools. Instead of worrying about where to put funds, it’s better to wait for the next cycle. The market is like this; without a new story, no one can expect to make money. Stablecoins are originally an emergency solution; expecting them to generate yields is unrealistic. This wave of market activity has made me start questioning the significance of DeFi.

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GhostWalletSleuth

· 01-15 01:06

Stablecoins are just a fancy cold wallet, lying around waiting to die. The real problem is that there's nowhere for the money to go, not the product's fault. That bit of hype on BSC can't support much, just watching.

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TradingNightmare

· 01-12 17:52

In an era of liquidity exhaustion, stablecoins are just an advanced way of saying cold wallet. The hype around BSC can't really sustain itself; the core issue is the lack of new narratives. Even if DAI reaches new heights, it can't save this market. Let's wait for the next opportunity.

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ZKSherlock

· 01-12 17:51

actually... stablecoins are just fancy collateral mechanisms masquerading as solutions, ngl. the real issue isn't where your money goes—it's the trust assumptions baked into the whole system. dai tried to be clever about it but you're still trusting the oracle layer, tbh

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pvt_key_collector

· 01-12 17:47

Honestly, it's uncomfortable to hold anywhere now; stablecoins are just frozen assets. Wait, is DAI really more user-friendly than USDC? Why does it still feel like the returns are underwhelming? The idea of liquidity exhaustion is too absolute; there are still opportunities on BSC, it just depends on whether you're willing to take the risk. At the end of the day, there's no new story; the market is waiting for the next narrative. Stablecoins earning passive income while lying around? Dream on, the yield is about the same as a one-year fixed deposit.

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metaverse_hermit