#ETH# On the eve of the official trading launch of WLFI (World Liberty Financial) token on September 1, the market is shrouded in a complex mix of enthusiasm, anticipation, and deep skepticism. Whether viewed as a promising candidate to replicate the legendary "next 100x coin" or approached with caution out of reverence for history to avoid it becoming a "LUNA-style eyewash", these simple labels fail to capture the true essence of WLFI. This article aims to present and argue a core point based on the official reserve verification report issued by the globally renowned accounting firm Crowe LLP regarding its stablecoin USD1: WLFI is not a single-dimensional encryption project, but rather an unprecedented composite operating on three different levels: 1. Financial Foundation Level: A robust RWA (Real World Asset) stablecoin system, audited and verified, operated by top institutions (BitGo). 2. Market Game Level: A battleground strategically regulated by centralized entities utilizing asymmetric advantages (750 million USD of flexible funds).