Last week, while organizing my Wallet, I found myself staring blankly at those US Treasury Tokens with an annualized return of 4%. Next to them lay the generative art NFT I impulsively bought last year. One is as stable as a savings book, while the other is as elusive as a floating cloud; I thought they would never intersect in my lifetime. As it turns out, they are now partners in a collateral pool of a certain Decentralized Finance protocol.

**Assets actually do not require an ID card**

In the past, we were always accustomed to labeling the items in our wallets: this one is for preserving value, that one is for betting on the future; this one can earn interest, that one is purely based on mood. But some protocols just don't believe in this system. My stable U.S. Treasury token, which couldn't be more stable, has now transformed into a collateral base, giving the originally "good-looking but useless" NFT unexpected lending value. And what about NFTs? They are no longer just decorations for personal homepages; instead, they add an imaginative space for risk premiums to the entire portfolio.

Just like two strangers sitting at opposite ends of a café — you holding a thermos for health, and I raising a craft beer to let loose — suddenly being stuffed into the same startup team. You provide a steady rhythm, I contribute explosive power, and the project we come up with unexpectedly turns out to be quite interesting.

**Liquidity is not about draining assets, it's about allowing them to sprout new branches**

In the past, when I wanted to take some money out of my assets, it always felt like I was in debt to myself. But this time, when I threw the collateral into the pool to generate stablecoins, it felt more like the assets had split off a clone. My US Treasury Tokens and NFTs are still well in place, but the generated stablecoins are like scouts sent out by them, exploring other places.

Last week, I threw this stablecoin into an early liquidity pool of a music royalty Token, with an annualized return of 22%. The most magical part is that part of this income actually comes from my "extremely conservative" government bond Token collateral.