@UnitedStables @leoneast_ @Ethtao_Ethtao @AZverse_xyz @mellowprotocol @sparkfinance Liquidity fragmenting even as rails connect is the point worth underlining. Integration depth decides where users actually settle. Good session at Devcon HK. Reply to @UnitedStables: 💡 At the Devcon HK Community Convention, Leon L (@leoneast_), DeFi and Onchain growth lead from United Stables, joined @Ethtao_Ethtao, @AZverse_xyz, @mellowprotocol, and @sparkfinance to dive into "DeFi Today & What Comes Next." A few key takeaways: → Stablecoin fragmentation: Connected rails improve access, but liquidity still fragments. Users choose based on trust, yield, and integration depth—not just chain availability. → Tokenized RWAs as collateral: Managing offchain assets requires conservative haircuts, clear legal recourse, and reliable oracle feeds to handle liquidity and defaults. → The road ahead: Building resilient, scalable infrastructure means bridging institutional-grade compliance with native on-chain liquidity. We prioritize robust security, deep liquidity, and durable utility to power the next era of DeFi.