AI generates decent returns. However, currently, DAI cannot be used as a means of payment, so it has not yet reached systematic development. The rapid expansion of $usual provides an example of paradigm shift for the market. You have idle cash liquidity, which is not predictive but simply provides funding to certain institutions like Tether and Circle. Usual's idea is to reconstruct something distinctive through Usual's model and paradigm, helping us to expand rapidly. For a protocol to prosper, it needs a large number of counterparties and collateral and needs to become a means of payment. But you cannot do this from the start; you need other ways to expand.
Our approach to expansion is to empower users to redistribute the value generated by stablecoins, which is the first step in Usual's growth. It essentially acts as a bridge between cash liquidity and decentralized finance liquidity. We are very eager to establish some new forms of decentralized commercial banks, in a sense, you have liquidity because stablecoins and liquid deposits in banks are no different. Usual's plan is long-term and diversified, making Usual more like an ecosystem by building product value and providing various services beyond liquidity. Liquidity is key, it's the first step in development, but you need to build new products on top of it to generate additional income, and this income should not solely be related to real-world asset returns. We all know that risk-free returns are expected to decrease over time, so ensuring Usual's sustainability and profitability is also very important.
Yoko: Many new stablecoins or concepts similar to stablecoins have emerged in the market. Although some projects claim they are not stablecoins in the traditional sense. There is a high demand in the market for annualized returns and innovations related to stablecoins, so we are also pleased to see more and more people paying attention to this field. Previously, this track faced a lot of criticism, but now the success of many projects in this space also shows us the potential of Usual.
Many friends will ask what the current use cases of stablecoins are. Stablecoins can be used not only as collateral but also in different pools. Payment functionality is a very important point of concern, but for emerging stablecoins, payment functionality may not be the primary direction for development, as it requires a large market size. Before reaching sufficient scale, stablecoins are more likely to be used in other DeFi applications. In summary, we are very confident in stablecoins and their potential, and we look forward to collaborating with more people to jointly promote the development of this field.
Additionally, we use RWA as the underlying collateral, which is a very good approach. It brings traditional financial capital into DeFi; without the inflow of traditional financial capital, the overall amount of funds in DeFi would be very small. We also plan to launch other innovative products like DAI0, and we hope everyone pays more attention to it.
