Managing the USD1 Fund Pool Over the Years, I Have Taken Many Detours Like Most Practitioners. The Initial Strategy Was Straightforward—Adjusting Equity Allocations According to Market Trends, Chasing Allocation Returns from IPOs, and Using Staking Rates to Allocate Assets. The Result? When the Market Was Good, Annualized Returns Barely Reached 40%. When It Corrected, Returns Shrank Immediately, with the Worst Drop Reaching 9.5%. The Entire Operational Approach Was Being Led by the Market.

The Turning Point Came with a Rules Update on ListaDAO’s Equity Staking. I Carefully Compared the Actual Value of the Equity Projects with Their Market Prices and Discovered That Many High-Yield Projects That Everyone Flocked to Were Actually Priced Well Above Their Intrinsic Value. Conversely, Those Equity Categories Overlooked by the Market Hidden Significant Premiums. This Cognitive Upgrade Made Me Realize: True Breakthroughs Come Not from Chasing Surface-Level Returns but from Building an Independent Value Judgment System.

The So-Called Reverse Pricing of Equity Means Breaking Free from Market Sentiment and Deeply Analyzing Three Dimensions—The Premium Space of Equity Contribution, the Rationality of Credit Pricing, and the Valuation Logic at the Governance Level. Then, Reversing to Find the Actual Value and Market Pricing Deviations for Each Equity Category, and Based on the Risk Tolerance of the USD1 Fund Pool, Positioning Undervalued Opportunities While Avoiding Overleveraged Traps. The Core Goal of This Method Is Simple: Use Confirmed Value Advantages to Hedge Against Market Uncertainty and Volatility.

In the Volatile Market Environment of Last Year, This Logic Finally Paid Off.