Are you still holding onto Bitcoin and expecting it to rise? You might be falling behind the pace.

Recently, there's an interesting viewpoint circulating in the industry — a prominent figure with massive BTC holdings publicly stated that Bitcoin is not essentially a "digital currency" for consumption, but rather "digital gold" and a "underlying capital." So what about the "money" that can generate cash flow? It should be these capital-backed assets, derived from them, that can earn interest as digital credit tools.

This perspective sounds a bit abstract, but in practical terms, it becomes very concrete — the issue isn't what coin you hold, but how you make it work. The era of simply holding coins and doing nothing may truly be over.

Good news is, this "capital-backed credit" approach has already seen relatively mature implementations in the DeFi space. For example, through a certain liquidity protocol, you can use your interest-bearing assets (like stETH, BNB, etc.) as collateral to directly generate stablecoins pegged 1:1 to USD. It sounds complicated, but the actual operation is quite straightforward.

How to do it specifically? Just three steps:

First, deposit your interest-bearing assets. No special threshold needed — a few hundred dollars is enough to start.

Second, the system immediately lends out an equivalent amount of stablecoins. This stablecoin is your newly generated "digital credit," fully usable.

Third, deposit this stablecoin back into the liquidity pool. This way, you gain two sources of income — interest earnings and platform rewards.

It sounds a bit like nested loops, but that’s the clever part of this logic. Your assets are fully utilized in this process, rather than just sitting idle. Compared to traditional financial management, this multi-layered income generation truly changes the game.

Of course, every DeFi product has its own risk characteristics, so make sure to understand the mechanisms before participating. But if you already hold coins and haven't thought about how to generate income from them, these protocols are worth a good study.