Here's the English translation: Because the "native language" of DeFi is stablecoins rather than US dollars, any "arbitrage" attempt to provide low-cost dollar capital to meet this specific micro-market demand will produce an effect of expanding stablecoin supply. Narrowing the interest rate spread between Aave and US Treasury bonds requires stablecoins to expand into the DeFi field. As expected, during periods when the interest rate spread between Aave and US Treasury bonds is positive, the Total Value Locked (TVL) will grow, and during periods when the spread is negative, TVL will decline (showing a positive correlation):