Over the past few years of doing DeFi, my biggest takeaway is one sentence: blindly sticking to a single scenario is just a waste of potential.

Initially, I was no different from most retail investors, focusing my USD1 funds on just one type of financial product. Even with staking rights, just splitting and staking separately, funds couldn’t circulate efficiently. The annual yield was stuck at a ceiling of 40%, and pushing beyond that was difficult.

Later, unable to tolerate this situation anymore, I decided to try connecting three types of rights: slisBNB, clisBNB, and LISTA. Honestly, I didn’t expect such a clear effect—it opened another door. With a $500,000 fund pool, the annualized return shot up to 69%, and the maximum drawdown was only 3.2%, much more stable than just holding a conservative position.

The logic behind this isn’t mysterious at all. I clarified the roles of these three rights: slisBNB handles liquidity reserves, ensuring funds can move at any time and earning some basic yield as a foundation; clisBNB is used for short-term appreciation, activating idle funds through cyclic new issues to make quick profits and supplement overall returns; LISTA is for long-term holding, digging for excess returns and earning dividends as a safety net.

This way, the three rights no longer operate independently. Funds can circulate flexibly across different scenarios, allowing one amount of money to earn both short-term and long-term gains. Liquidity and security are both taken into account. During market volatility, I can quickly adjust positions to reduce drawdown without missing new opportunities.

Sharing four practical insights, all learned from pitfalls:

First, the value of a fund pool isn’t in a single scenario but in the synergistic effect between scenarios.

Second, rights should match scenario needs; more isn’t always better for higher yields.

Third, retail investors shouldn’t blindly predict market trends; focusing on systematic operations is more reliable.

Fourth, the rhythm of capital deployment is more important than scale; with the right timing, small funds can generate big returns.

Now I’ve completely shifted from fragmented strategies to a systematic, interconnected approach. Returns are more stable, and my mindset has become more relaxed. This is the long-term path for DeFi wealth management.