“The DeFi world is turbulent, suddenly seeing the ‘Shadowless Stake’ anchoring the lonely ocean——What is at stake with Backed, if not stable returns?”

Last night, I reviewed three volumes of on-chain secrets and finally understood the essence of #Backed: on the surface, it is an RWA protocol, but in reality, it serves as a conduit connecting traditional finance and on-chain yields. Let’s listen to the master decipher the threefold mysteries:

1. Inheriting a prestigious lineage, aligning with the timing

The project inherits the compliant lineage of Switzerland, anchoring real assets like U.S. Treasury bonds and blue-chip stocks, protected by European financial licenses.

✦ The killer move is hidden in the mechanism: using a dynamic rebalancing algorithm as a bow, it pierces the gap between on-chain yields and TradFi interest rates——$bCSPX, $bIB01, and other tokenized assets are akin to cross-border qualifications' “pass tokens.”

2. Double anchors lock the river, stability conceals sharpness

One anchor is “real asset backing” (off-chain compliant custody), and the other anchor is “re-staking yield enhancement” (such as EigenLayer integration), with both forces harmoniously understanding the way of yin and yang:

• The front anchor sets the trend: U.S. Treasury bonds with an annualized yield of 4.9% penetrating on-chain, allowing retail investors to first access institutional-level fixed income;

• The back anchor is the hidden troops: through protocols like Renzo, RWA yields are injected into the re-staking treasury, adding a 3-5% on-chain premium, net returns approaching 9.7%——this is the Tai Chi move of “stable yield creation.”

3. The rivers converge, secretly weaving multiple factions

On the surface, it serves whales and institutions, but beneath it weaves three concealed nets:

✓ Compliance net: Licensed to penetrate the iron curtain of European and American regulations, opening RWA channels for giants like Coinbase and Grayscale;

✓ Yield net: Using structures like Euler Vault to break down RWA yields into fixed-rate bonds, feeding the hungry DeFi treasury;

✓ Authority net: U.S. Treasury yield becomes the on-chain benchmark interest rate——in the future, all DeFi lending and derivative pricing will need to observe this “heavenly phenomenon.”

🌊 The master’s judgment:

Backed is not an ordinary RWA protocol; it is truly a hub for “the on-chaining of traditional finance.” If MakerDAO is the old lord, this is the “measuring tool for yields” redefining the yield landscape.

Betting on it within three years:

✅ U.S. Treasury yields become the DeFi “interest rate anchor”;

✅ Re-staking + RWA fusion strategies become the “standard martial arts” for giants;

✅ Compliant tokenized assets ascend to become the “single bridge” for institutional entry.

The wind rises at the edge of the blue green grass, the waves form between the gentle ripples——the anchor has sunk, quietly waiting for the tide to surge.

#Backed #RWASecretScroll #MasterJudgment #YieldReconstruction #OnChainWorld