Your thinking is very forward thinking, and your core viewpoint is: 1. USDE=tokenization of funding rates • This model is equivalent to using the funding rate as a stable currency asset support, creating a new type of DeFi asset. Financial Services Tokenization is the Next Growth Market Tokenization can essentially serve as a financing channel, where investors holding tokens are equivalent to "providing capital", and teams can use their funds for various financial arbitrage. For example, using these funds for financial operations such as forex arbitrage, bond repurchases, structured products, etc., and using the returns to support the annualized returns of tokens. 3. Future development direction: More types of financial tokenized assets Tokenized FX Arbitrage: For example, holding a certain token, the team behind it uses the funds to implement forex arbitrage strategies and distributes profits to the token holders. DeFi Bond Tokens: Similar to Tranches or Ondo Finance, they structure returns to meet the needs of investors with different risk preferences. Tokenized Hedge Fund: Operate a fund directly through DeFi, allowing users to subscribe through tokens.