Is DeFi regaining its safe haven status? From structural yields to on-chain asset allocation.

The global economic situation has once again become tense, and the competition between the US and China has entered a new phase. The significant increase in automobile tariffs has triggered a risk-averse sentiment in the Capital Market, leading to varying degrees of Fluctuation in the stock, commodity, and bond markets. However, the reaction of the crypto assets market has been relatively calm, raising an interesting question: In the current economic environment, is DeFi regaining its status as a "safe haven"?

In the past, I was skeptical about this statement, but now my views are slowly changing. Here are some observations and thoughts worth noting:

The relaxation of tax policies has brought certainty to Decentralized Finance.

In March of this year, the U.S. Senate passed a resolution that is very favorable to DeFi users, temporarily lifting the requirement for on-chain protocols to report user transaction information. Although this decision cannot be entirely equated with "tax exemption," it does provide users with a regulatory pressure environment for on-chain asset allocation. This policy window may allow DeFi to take on a role similar to that of traditional offshore markets, becoming a "low-friction channel" for capital flow.

Structural income has become the focus of market attention.

In the context of increasing market uncertainty, investors tend to seek investment paths that are "structurally certain," even if the yields are relatively low. This explains why Staking products have begun to receive renewed attention. In certain ecosystems, users can stake assets on the mainnet to earn protocol layer rewards, while these staked tokens can also participate in other DeFi activities, such as lending or liquidity mining. This model is closer to "structured financial management," where the sources of returns are clear, risks are controllable, and expectations are trackable.

On-chain transparency becomes a competitive advantage

In the context of unclear future tax and regulatory policies, protocols with complete on-chain records and clear structures may have more long-term viability than those that operate opaquely. Some projects, while not blockbuster hits, provide convenience for future compliance through their standardized operational paths and transparent contract behaviors.

Decentralized Finance has evolved from tool arbitrage to asset allocation systems.

More and more users are beginning to build complex asset structures on DeFi platforms, rather than just looking for arbitrage opportunities. For example, users can create an on-chain structured yield model with automatic compounding through multiple steps such as staking, lending, and liquidity mining. This model resembles a actively managed portfolio of assets rather than simple speculative behavior.

The importance of building on-chain structures ###

The current stage may not be a window for obtaining windfall profits, but it is an ideal time to build structures and accumulate positions before the next round of market upturns. If you believe that macroeconomic uncertainty will persist and do not want to invest all your assets into high Fluctuation projects, then constructing an on-chain "structured yield portfolio" may be a choice worth considering.

Although certain specific projects may not be the optimal solution, their operating mechanisms possess the characteristics of "explainable, composable, and iterative," and can become part of this structural experiment. While we cannot predict when the next bull market cycle will arrive, building a reasonable investment structure from now on is undoubtedly a wise choice.