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We seem to have passed the stage where we get excited upon hearing about 'hundredfold coins'. After experiencing several rounds of bull and bear markets and witnessing too many projects rise and fall, we are now more inclined to seek things that can truly solve problems for this industry and leave a lasting impact.
Looking back at the summer of DeFi, we were all diligent 'farmers', chasing astonishing annualized returns in various mining pools. Today, if one protocol has a high interest rate, we rush in to mine; tomorrow, if another pool's returns rise, we quickly move our funds there. Behind this high yield lies extreme instability and anxiety. The dramatic fluctuations in interest rates and the huge differentials between different lending markets make the entire DeFi seem more like a chaotic casino full of opportunities rather than a mature financial market.