DeFi has come to this point, and it's time to return to some fundamental questions.

What justifies the claims of high returns? How can risks be clearly assessed? Are the rules truly consistent? These seemingly old-fashioned questions are actually signs of market maturity. We have seen too many cases where promises of high returns vanish as soon as volatility hits — users can't adjust their positions, can't respond promptly to margin calls, or are stuck due to liquidity issues. Ultimately, the illusion of returns shatters, and risks erupt in concentrated bursts.

This is why truly financial components do not rely on luck to navigate market fluctuations. Instead, they should operate within a clear framework that enables efficient capital flow and ensures that every position change is traceable.

The JUST system is quite interesting in this regard. Collateral, lending, and stability mechanisms are interconnected, with a core logic that is quite straightforward — asset management becomes smoother, the timing of liquidations can be anticipated, and risk control is no longer a black box. The entire ecosystem's funds operate under a unified set of rules, naturally improving efficiency. This is the kind of capability that approaches infrastructure.

Ultimately, the market will reward protocols that can clearly explain complex issues and reduce uncertainty.