1. The logic behind Defi rules:

In the ecosystem of pledge projects, whether it is ETH or BTC, whether it is European and American projects or domestic teams, the operation methods of DeFi are actually very similar - increasing TVL through large investors' funds, giving the project liquidity and good data.

This is a typical "win-win" mechanism:

• The project party uses the money of large investors to package a "prosperous scene" to attract retail investors to enter the market.

• Large investors get guaranteed returns through the agreement, and they can make a profit without loss.

In the end, the money of retail investors was divided into "three for the project party and seven for the large investors". On the surface, it is a decentralized free market, but in fact it is a sophisticated game of capital logic.

2. The result under the appearance:

When the project party chooses to "kill the large investors", it seems to be seeking benefits for retail investors, but in essence, this is a trade-off between the spirit of contract and the maximization of interests.

Every eve of the "coin issuance" in the currency circle is a Shura field of multi-party game:

• There is always a tilt in the distribution of benefits between the project party, the exchange, the large investors, and the retail investors.

If the project party is more inclined to retail investors and platforms this time, it will inevitably sacrifice some of the interests of large investors.

Retail investors are indeed one of the winners at this moment, but this is just an appearance. The real winner is always the one who dominates the distribution.

3. The perspective of high-level cognition:

The essential contradiction in the currency circle has never been a simple "rich vs. poor", but a confrontation between those who produce value vs. those who distribute value.

This is like a metaphor in economics -

It is not a game between the bourgeoisie and the proletariat, but a struggle between the production class that creates value and the management class that monopolizes the right to distribute.

In this matter, the project party, as a referee of the distribution of benefits, can never satisfy every interest group.

Remember, if you want to see the truth, you only need to ask yourself two questions: Who is benefiting? Who is losing? The answer is in the heart.