#DeFi协议与应用 Seeing Sberbank's move, I find it quite interesting. Russia's second-largest bank has started accepting Bitcoin as collateral for loans. What does this indicate? Institutions are gradually recognizing the store of value properties of crypto assets.

Let's summarize the key points: collateral is managed with Rutoken, interest costs are lower, and risks are relatively controllable. For mining companies, this is a new financing avenue; for holders, it's an inspiration — in the future, your crypto assets might truly serve as "financial instruments."

To be honest, this doesn't significantly impact our airdrop gains for now. But in the long run, the deeper institutional involvement, the more mature the ecosystem becomes, and the more worthwhile DeFi protocols are to participate in. New projects will find it easier to secure funding, and opportunities for better interactions will increase.

The current pace is: closely monitor new project developments, participate in early interactions to build credit, and wait for ecosystem maturity to reap benefits. The institutionalization process accelerating is actually an opportunity for retail investors, as long as you can leverage information gaps to gain interaction dividends.