This Binance Square has 10 BNB every day, and it is about to end. I haven’t had a chance even once.
Can you give me one, teacher.
Today is the Kitchen God Festival, and we’ll be making dumplings in the afternoon. But we also need to carry out regular updates~
Keep the Square active.
Discussing DeFi in a payment-based ecosystem is often misunderstood as just pursuing TVL or yield stories. However, from first principles, the core demand of DeFi on Plasma is actually: how to make the circulation and accumulation of stablecoin funds more efficient. Payment systems will bring a large amount of stablecoin inflows and outflows. If there are no low-threshold and convenient fund management tools on-chain, funds are likely to "leave once used up," making it difficult to establish stickiness in the ecosystem; however, once suitable DeFi components are available, stablecoins will no longer just be "traffic" but can accumulate into "stock," allowing the flywheel to potentially start turning.
Therefore, the early development direction of DeFi on Plasma must first address: First, the yield and cash management of stablecoins (low-risk preference, simple and easy to use), allowing users to be willing to put a portion of stablecoins on-chain; second, lending and turnover, meeting the short-term funding needs of merchants and users, thus improving fund efficiency; third, market making and liquidity tools to ensure the smoothness of currency exchange and settlement, supporting larger-scale transactions and payments. As for complex derivatives, such products should wait until the foundational credit layer and liquidity are sufficiently strong before naturally developing, otherwise they risk becoming "high yield attracting people, high risk scaring people away."
Therefore, when evaluating Plasma's DeFi, we cannot just look at APR but must consider whether it is addressing three things: First, whether funds are willing to stay; second, whether turnover is smoother; third, whether liquidity is deeper. As long as these three issues are gradually resolved, the payment narrative will not remain at the level of "can transfer" but will evolve into "easy to use, commonly used, and users are willing to keep their money on this chain."
