Everyone involved in DeFi knows that market fluctuations are the easiest to get caught in. But have you ever wondered what those long-standing players are actually doing? A close look reveals that their common trait is quite simple: capital management ability.

What is capital management ability? It’s whether you can maintain liquidity at all times, whether you dare to reduce leverage promptly when risks rise, and whether you can quickly adjust your positions when good opportunities arise. It seems simple, but in reality, it determines how long you can survive. Without this ability, volatility becomes a stone pressing down on you; with this ability, volatility becomes a tool you can leverage.

There is a methodology worth trying now. By using stable assets to lock in price benchmarks and cash flow bases, employing collateralized lending mechanisms to rotate funds and improve efficiency, and combining governance and incentive mechanisms to guide participant behavior toward long-term steady development. This system works particularly well in low-cost environments like TRON — rebalancing costs are low, position adjustments are quick, and fund management has evolved from "all-in" pressure to "refined operation."

Want to make your risk control more solid in this ecosystem? Prioritize your management ability, and you won’t go wrong. Stabilize your core positions, maintain your risk bottom line, and keep exit channels open at all times. When the underlying structure is stable, opportunities above will become clearer and more stable.