Today, the governance vote result of UNI is without suspense, with over 110 million votes supporting the destruction of 100 million tokens and the initiation of a deflationary model. The group is in cheers, with phrases like 'historic good news' and 'the pattern is opened' flooding the screen. The price indeed moved a bit, testing from 5.8 to 6.5. I also have a little UNI, looking at the voting data, but recalling many past experiences of 'historic good news' — the price usually peaks when the vote passes, then slowly declines, trapping everyone's 'pattern' halfway up the mountain. This time, I didn't wait for it to hit 7.5; at the position of 6.3, I converted all my UNI profits into USDD and stored them in the @usddio ecosystem.
A friend said I was too impatient, wasting the 'perspective'. I smiled and didn't explain. Because I know that true 'perspective' is not about betting on how high a proposal can rise, but ensuring that regardless of whether the proposal's outcome is good or bad, my core assets are appreciating in a more stable and permanent system. The burning proposal of UNI, no matter how 'historic', is still a one-time event; while USDD's yield in the @usddio ecosystem is a permanent proposal that can sustain countless 'historic' events.
The case of UNI is a classic epitome of the 'governance narrative' in the crypto world: using clear and beneficial proposals for holders (burning, deflation) to build consensus and drive short-term prices. There is nothing wrong with this, but it raises a deeper question: what is the long-term driving force that supports value after one-time benefits are exhausted? Is it the next proposal? Or the genuine growth and cash flow of the ecosystem?
This is precisely another answer that @usddio and #USDD demonstrate. It does not rely on 'one-time good news'; its value proposition is continuous and transparent:
The value engines are different: UNI's short-term value engine is 'governance actions' (such as burn), while the long-term relies on the trading volume and fee capture of the Uniswap protocol itself. The value engine of USDD is the continuous and verifiable over-collateralization of assets, as well as its ongoing demand as a base currency and collateral within the vast DeFi ecosystem. The former has event-driven volatility, while the latter has demand-driven stability.
The sources of income are different: by holding UNI, you expect the token value to rise due to governance (capital gains). By holding USDD and participating in the @usddio ecosystem, you receive cash flow earnings generated by providing stability and liquidity (such as staking interest). The former is 'betting on the future', while the latter is 'earning now'.
The risk attributes are different: after the proposal with 'overwhelming support' passes, the price of the coin 'does not rise much', which instead exposes the market's inertia of buying the expectation and selling the fact. The price stability mechanism of USDD naturally avoids this narrative trading risk of 'good news turning into bad news'.
So, my operational logic is: participate in the narrative, but do not rely on the narrative.
I use a small portion of funds to participate in governance benefits like UNI, capturing event-driven volatility.
But when good news is realized and emotions are high, I convert profits into stable assets like USDD, locking in earnings and placing them into scenarios that can generate cash flow.
In this way, whether UNI rises to 10 or falls back to 5 next, I have already converted part of the uncertainty into certain earnings. My 'perspective' has upgraded from betting on a one-time benefit of a single asset to building a cyclical system that can continuously turn market volatility into stable earnings.
If you also often get excited in the face of 'historic good news', only to find your account growth below expectations afterward, perhaps you can consider: should a mechanism be established to help you deal with each 'celebration' more calmly? Systematically converting narrative gains into stable assets might be a more advanced wealth management strategy than simply having a 'perspective'.
While others are still calculating how much space UNI has from 6.5 to 10, I have already started calculating how much interest this USDD converted today can generate for me in the @usddio ecosystem by next month. For me, the latter is a more solid and controllable 'compound interest pattern'.
#USDD demonstrates stability — true long-termism is not about holding a volatile narrative for the long term, but about consistently executing a strategy that can convert volatility into stability. In the crypto world, what is scarce is not a one-time surge, but a continuous and steady value appreciation.
