𝗨𝗦𝗗𝗗 𝗖𝗔𝗡 𝗕𝗘 𝗨𝗡𝗗𝗘𝗥𝗦𝗧𝗢𝗢𝗗 𝗔𝗦 𝗔 𝗟𝗔𝗬𝗘𝗥𝗘𝗗 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗦𝗬𝗦𝗧𝗘𝗠.

Start with the dollar unit.

Then consider the collateral and minting architecture.

Then the liquidity and conversion mechanisms.

Then savings.

Then structured yield.

Then lending.

Then ecosystem-specific incentives.

Each layer adds another capability.

This layered view makes the ecosystem easier to understand because every feature has a distinct job.

Instead of seeing USDD as one giant product, you can analyze the individual mechanisms and how they connect.

That is a much stronger way to evaluate DeFi infrastructure.

Understand the layer.

Understand the dependency.

Then understand the strategy.

@USDD - Decentralized USD @Justin Sun孙宇晨 #TRONEcoStar