Recently, there has been a lot of discussion about on-chain yields and stable strategies. If you have been paying attention to this area, you should be able to see that some projects in the market are seriously researching this matter.

Many projects like to pile up concepts, but what’s truly interesting are those that focus on doing one thing—such as truly implementing institutional-level asset management ideas on the chain. The difference here is quite significant. Often, what we see are high APYs combined with high risks, but in reality, professional institutions approach this very differently.

Their approach is: risk and return need to be matched, rather than blindly pursuing extreme numbers. Implementing this logic on the chain requires a deep understanding of the market, strategies, and risk control. This is what sets them apart from those "get rich quick" projects. While everyone is still discussing APY figures, true asset management is thinking about how to maintain stable returns across different market cycles.