#美联储降息政策 The probability that the Federal Reserve will pause interest rate cuts in January next year has risen to 78%, which means the window for liquidity easing may be closing. Seeing this data, I started thinking about an interesting comparison—

In the traditional financial world, interest rate policies are controlled by central banks, and fluctuations in market liquidity often leave ordinary people powerless. But the emergence of Web3 has changed these rules of the game. In decentralized finance, no one can manipulate liquidity unilaterally; lending and borrowing rates are determined collectively by market participants, transparent and open.

When traditional finance faces liquidity challenges, the DeFi ecosystem instead demonstrates resilience. No matter how macroeconomic conditions change, protocols built on smart contracts continue to operate, and users' assets remain in their own control. This doesn’t mean DeFi is unaffected, but rather that this decentralized design fundamentally changes the way risk is distributed.

What should the future financial system look like? I believe the answer lies in this contrast. As more people experience truly controllable, transparent, and intermediary-free financial tools, the value of Web3 will gradually become apparent. Now is a great time to understand and participate in this transformation.