The DeFi market experiences frequent fluctuations, but that doesn't mean ordinary investors can only passively bear the risks. I have recently been implementing a stablecoin lending strategy with good results—by staking assets to lend stablecoins, then investing the returns into yield pools to earn the spread, basically keeping the uncertainty risk within an acceptable range.

In simple terms, it’s a combination of two layers of logic. The first layer is that the borrowing cost of stablecoins is very clear, with small interest rate fluctuations, and this cost can be precisely calculated. The second layer involves investing the borrowed stablecoins into relatively stable liquidity pools, where the annualized yield can also be estimated in advance. The difference between these two costs and returns is the part you can reliably earn.

The key is to keep risk control in place. Maintain a reasonable collateralization ratio and leave enough buffer space for yourself, so it’s less likely to be triggered by market black swan events leading to forced liquidation. I personally don’t pursue the thrill of rapid rises and falls; I focus more on improving capital efficiency within a controllable range. As the ecosystem of these DeFi protocols continues to improve, the stability of returns is also getting better, which is indeed a good choice for investors with moderate risk appetite.

Getting into this field is not difficult; the key is to understand core concepts like collateralization ratio, liquidation line, and yield rate, then adjust parameters according to your risk tolerance. Start with small amounts to test the waters, gradually familiarize yourself with platform operations and market rhythm, so the risks are much lower.