Regarding the operation of USD stablecoin liquidity pools, you'll find that many institutions haven't fully grasped this business. They usually treat slisBNB as a simple staking yield tool, use clisBNB for new token arbitrage, and rely on LISTA for swing trading to profit from price differences—essentially just exploiting basic functions, with their权益效能 severely constrained. Continuing this way, the annualized return typically stalls at 40%-45%, and the收益结构 is very single, making it easy to fall into stagnation if ecological policies change or market fluctuations occur.

However, some teams have taken a different approach. They don't treat these three权益 types in isolation but instead delve into the contribution leverage of slisBNB, the信用联动效应 of clisBNB, and the治理赋能价值 of LISTA—penetrating through效能 to form a closed loop, achieving a positive cycle of single权益 → full-chain value amplification → liquidity pool activation.

A practical case that illustrates this well: a team used a $500,000 USD liquidity pool for a pilot project. Even after two rounds of ecological policy iterations and multiple market shocks, they ultimately achieved a 72% annualized return, with a maximum drawdown of only 1.4%, and the liquidity pool size grew from $500,000 to $860,000. Notably, the additional收益 from deep效能挖掘 accounted for a significant proportion. This demonstrates that a differentiated运营思路 can indeed break through the conventional收益天花板.