With the development of DeFi, the current benchmark interest rate on the chain can be confirmed through the ETH Staking yield rate. Therefore, real-world funds have the choice of obtaining on-chain benchmark returns and off-chain benchmark returns. This arbitrage model inspired by the difference between on-chain and off-chain benchmark interest rates is likely to cause a certain degree of change in the form of on-chain asset management products. The off-chain benchmark yield is generally recognized as the Federal Reserve interest rate, which means that when the Fed interest rate is lower than the on-chain benchmark yield, CeFi funds based on the arbitrage principle will enter the chain for ETH staking, triggering the next wave of DeFi inspired by arbitrage behavior narrative.