A certain DeFi project's vault product has gone through some twists and turns, and the funds have finally returned to the account.

Initially invested 17450, peaked at 17500, and the current position value is 17461. To be honest, it did make a profit, but the margin isn't large.

Let me explain to newcomers: SLP is actually a Vault, which is a vault product. These kinds of assets are inherently risky and are not guaranteed to make a profit—similar to the vault models of some leading exchanges, which fluctuate with market conditions.

The vault's income mainly comes from two sources: liquidation fees from market making and a share of on-chain transaction fees. That's why sometimes the returns are stable, and other times they stall. When the market is good and trading volume is high, the fee sharing increases; during slow market periods, the earnings naturally shrink. When choosing such products, be mentally prepared for short-term fluctuations as the norm.