I've figured it out—these high-yield returns on stablecoins are essentially a replica of the internet-era strategies like Didi subsidies and Meituan free delivery.

It's just platforms pouring money into subsidies to attract users and lock in liquidity. Didi subsidizes one yuan per ride, Meituan offers two yuan off on delivery, and stablecoin protocols give you 6%, 8%, or 10% annualized returns—the logic is exactly the same, all about burning money for growth.

Those who dared to take advantage of subsidies back then reaped the biggest benefits. Now, this high-interest window for stablecoins won't stay open forever. When platform subsidies decrease and the competitive landscape stabilizes, these interest rates will inevitably fall back. So the opportunity is right in front of you—there's no need for complicated considerations; just go for it.