After long-term on-chain experience, you'll realize a particularly painful truth — assets are not actually scarce; what’s truly lacking is assets that can actively flow.

BTC lies dormant on the chain, ETH just sits there, and various DAO treasuries are filled with different tokens, also just sitting idle. Recently, as more real-world assets are tokenized, the same pattern persists — they are simply moved elsewhere to continue lying flat. Assets pile up, but liquidity remains painfully limited.

Traditional DeFi strategies are quite fixed: to get liquidity, you have to sell assets; to get USD, you need to switch positions. This creates two extremes — long-held assets are forced into short-term trading, turning strategic holdings into speculative instruments. The most frustrating part is for DAO treasury management teams, which are meant to be organizations with a decade-long lifespan, yet they can only survive by continuously selling tokens.

Someone proposed a crude but advanced reverse approach: instead of selling assets, better to collateralize, organize, and utilize them. The core idea is to enable existing BTC, ETH, and various tokens to genuinely participate in generating USD liquidity.

What does this mean? It means assets are no longer forced to circulate; instead, through effective collateralization and utilization, those "dead money" assets can truly generate value. The value of universal collateral infrastructure lies here — it’s not about creating new assets, but about doing something more fundamental: activating the liquidity potential of existing assets.