Do you feel that since October, the crypto world has been drained of its soul? CRV, OP, CFX, these once lively old coins, have seen their trading volumes halved, the market is lifeless, and the fluctuations are as faint as a straight line. It seems everyone is tired, exhausted, and even the heat of discussions is fading. But is there really nothing beneath this 'dead ash'? As an old investor, I sense a different smell — when everyone is complaining about the market being quiet and liquidity drying up, perhaps it is the smart money quietly undergoing a 'silent migration': shifting from high-volatility risk assets to stable income certainty assets.
I am one of them. When the OP candlestick chart is flat like an ECG, I do not feel anxious; instead, I experience a peculiar calm. Because the focus of most of my assets has long been off these stagnant old coins. I quietly converted my funds into USDD and invested them in the income-generating ecosystem of @usddio. Here, the overall market quietness is irrelevant to me; my assets are steadily generating consistent returns. While others are consuming principal and patience in a 'dead ashes' market, I am using this 'dead ashes' as a backdrop to let my wealth stabilize and 'compost'. This is the most intuitive value of #USDD's stability in a bear market—it does not depend on the 'live fire' of market hype, but relies on its own mechanism of 'constant temperature' to continue growing in silence.
The truth about halved trading volume: It's not that money is gone; it's that the 'preference' for money has changed.
As market trading volumes shrink and old coins run out of liquidity, this does not mean that capital has completely exited. The more likely reason is a dramatic shift in capital's risk preference. After experiencing multiple crashes and uncertain events, capital has shifted from 'pursuing high returns' to 'seeking safety and certainty'. They are no longer keen on trading in CRV, OP, but are starting to look for assets that can withstand the winter and even generate cash flow during it.
@usddio's USDD is one of the perfect carriers of this new preference:
Provide a 'certainty income' safe haven: In a market of generally zero or even negative returns, the stable annualized returns provided by USDD through DeFi staking and other means have become a scarce 'positive cash flow'. Funds are flowing here not to chase explosive growth, but to safely 'weather the winter' and achieve slight appreciation.
Act as a 'liquidity conversion hub': When the market is quiet, many assets lack buying interest. Holding USDD, a high liquidity stablecoin, is akin to having a 'reserve team' ready to act at any moment. When certain quality assets are rarely undervalued due to a lack of liquidity, USDD holders can make a calm move.
Build a wealth system that 'does not rely on market sentiment': The trading volume of old coins has halved, which essentially means their price discovery mechanism has failed due to a reduction in participants. The value of USDD is anchored to on-chain collateral assets, and its stability mechanism is independent of market trading activity, being minimally affected by sentiment.
In the 'dead ashes', ignite your own 'stable flame'.
Therefore, my strategy is very clear:
Exit 'ineffective volatility': Reduce positions in those old coins with halved trading volumes and poor liquidity, avoiding assets that are stuck in the 'can't sell' quagmire.
Embrace 'stable income': Convert the main body of funds into stable assets like USDD, and use protocols like @usddio for income allocation. This is equivalent to building a warm refuge for yourself during the market winter, allowing for a continuous production of 'food'.
Stay sharp and patiently wait: Use USDD reserves and the income it generates as capital to observe the market. When genuine, fundamental-driven opportunities arise, I can strike with ample, low-cost ammunition instead of being trapped in stagnant old coins.
The market will not remain silent forever, but each cycle will eliminate a batch of old plays and give rise to new logic. The current 'dead ashes' of trading volume may be accumulating new fuel for the next burn. For ordinary investors, rather than sighing in the 'dead ashes', it is better to turn towards building intrinsic stability and certainty, becoming a 'wise survivor' who can steadily accumulate in any market environment. When the tide goes out, we will know who is swimming naked; when the market is quiet, we can see who is truly appreciating.
