#稳定币发展与应用 Recently, I noticed an interesting phenomenon - the supply of USDe stablecoin surged by 3.7 billion USD in just 20 days. The main driving force behind this is the PT-USDe rotation strategy launched by Pendle and Aave. While this strategy amplifies the potential for returns through leverage, we must not overlook the risks involved.

As someone who has been following asset security for a long time, I would like to remind everyone: high returns often come with high risks. Although this complex leverage strategy may seem appealing, the factors involved, such as price oracle design and liquidation risks, need to be carefully assessed.

I recommend that everyone be well-prepared for risk management when participating in such strategies:
1. Understand the specific mechanisms and risk points of the strategy.
2. Manage your position well, do not over-leverage.
3. Follow market changes closely and adjust strategies in a timely manner.

A sound investment requires a long-term mindset. Don't be blinded by short-term high returns and overlook potential systemic risks. Stay rational and make proper asset allocation, as that is the key to long-term success.