我的市长父亲：论治理、风险与可持续回报 尊敬的yieldbasis @yieldbasis @krakenfx 评审委员会： 我的父亲是一位市长。童年时，我曾问他：“如何衡量一座城市的成功？”他的回答令我至今难忘：“短期看财政数据，中期看产业活力，长期看公民福祉——但真正的智慧，在于平衡这三者的艺术。” 这份洞察，正是我理解DeFi投资的基石。 一、治理的智慧：从市政厅到智能合约 在父亲治理的城市中，每一项预算案都需经过公众听证、专家论证与议会表决。这种多层次决策机制与yieldbasis的模块化风险管理系统异曲同工。我深知： 真正的风控不是规避风险，而是构建风险对冲的生态系统 流动性管理如同城市规划，需要为未来增长预留弹性空间 二、长期主义的实践 父亲曾顶住压力否决了某个高GDP但高污染的项目，十年后该区域成了国家生态示范区。这教会我： 拒绝追逐农耕挖矿类高APY的短期诱惑 更看重协议的底层资产质量与经济模型可持续性 愿意为经过形式化验证的合约支付合理溢价 三、我的投资实践 作为从2020年深度参与DeFi的投资者，我的投资组合严格遵循： 30%配置于yieldbasis这类底层基础设施 跨链资产分散策略（涵盖以太坊、Solana及新兴Layer2） 持续通过治理代币投票参与协议进化 四、为什么选择yieldbasis 在评估了Notional、Pendle等同类协议后，我认为yieldbasis的核心优势在于： 将复杂利率衍生品抽象为用户友好界面（正如父亲让政策惠及每个市民） 无常损失对冲机制的创新堪比市政工程的冗余设计 团队展现的学术严谨性与工程实现能力的完美平衡 结语 父亲说：“治理者的最高境界，是让系统在无人干预时仍能良性运转。”这正是我对yieldbasis的期待——成为DeFi世界的自治金融基础设施。 我申请本次公售额度，不仅为财务回报，更为参与构建这个未来。额度将锁定至少12个月，并承诺积极参与治理投票。 感谢您的时间与考量。 诚挚的， [成都集团专职代驾CryptoBLACK] My Mayor Father: On Governance, Risk, and Sustainable Returns Respected yieldbasis @yieldbasis @krakenfx Review Committee: My father was a mayor. As a child, I once asked him, "How do you measure a city's success?" His answer remains unforgettable to this day: "In the short term, look at fiscal data; in the medium term, assess industrial vitality; in the long term, evaluate citizens' well-being—but the true wisdom lies in the art of balancing these three." This insight is the cornerstone of my understanding of DeFi investment. I. The Wisdom of Governance: From City Halls to Smart Contracts In the city governed by my father, every budget proposal must undergo public hearings, expert reviews, and parliamentary voting. This multi-tiered decision-making mechanism operates similarly to the yieldbasis modular risk management system. I am deeply aware that: True risk management is not about avoiding risks, but about building an ecosystem for risk hedging Liquidity management is akin to urban planning, requiring the reservation of flexible space for future growth II. The Practice of Long-termism My father once resisted pressure and vetoed a high-GDP but highly polluting project. Ten years later, the area became a national ecological demonstration zone. This taught me: Resist the short-term temptation of high APY pursuits like farming and staking Place greater emphasis on the underlying asset quality of the agreement and the sustainability of the economic model Willing to pay a reasonable premium for contracts that have undergone formal verification III. My Investment Practice As an investor deeply involved in DeFi since 2020, my portfolio strictly adheres to: 30% is allocated to underlying infrastructure such as yield basis Cross-chain Asset Diversification Strategy (covering Ethereum, Solana, and emerging Layer2 solutions) Continuously participate in protocol evolution through governance token voting IV. Why Choose Yield Basis After evaluating similar protocols such as Notional and Pendle, I believe the core advantage of yieldbasis lies in: Abstract complex interest rate derivatives into a user-friendly interface (just as a father ensures policies benefit every citizen) The innovation of the impermanent loss hedge mechanism is comparable to the redundancy design in civil engineering The team demonstrates a perfect balance of academic rigor and engineering implementation capabilities Conclusion The father said, "The highest realm of governance is to enable a system to function smoothly without human intervention." This is precisely what I expect from yieldbasis—to become an autonomous financial infrastructure in the DeFi world. I am applying for this public sale allocation not only for financial returns but also to participate in building this future. The allocation will be locked for at least 12 months, and I commit to actively engaging in governance voting. Thank you for your time and consideration. Sincere, [Chengdu Group Dedicated CryptoBLACK Ride-Share Driver](CryptoBLACK🌙◼️)