Recently, I have been pondering a phenomenon: why are our parents' generation keen on buying funds and saving in fixed deposits, while our generation prefers to tinker on-chain?

The traditional finance circle always says that young people today do not understand wealth management, but I think the opposite is true. It's not that they don't want to manage their finances, but they don't want to deal with that kind of "black-box" finance. You put your money in, and a bunch of PDFs are sent out in quarterly reports, with the ups and downs entirely depending on the mood of the fund manager, making you feel like an outsider. In short, the sense of participation is zero.

But on-chain it is completely different. I have seen many friends willing to spend hours researching how liquidity pools work, willing to look at fund flows on the block explorer, and even actively go to review contract code. This kind of initiative is almost unseen in traditional financial products.

This comparison made me start paying attention to some projects that are building "bridges"—which retain the proven yield structure of traditional finance while repackaging it with on-chain transparency and composability. Lorenzo Protocol is a typical example.

What attracts me the most is that it has deconstructed the concept of "structured returns," which originally belonged only to institutional players, through the OTF model and modular strategies. In the past, to access these types of products, you had to be a private banking client or a qualified investor; now ordinary users can participate directly and can clearly see the source of each layer of returns and the risk exposure.

More importantly, it does not simply "move" traditional products on-chain, but rather reabstracts the underlying logic. Complex structures are broken down into independently operable modules, allowing users to combine strategies like building blocks. This design philosophy is essentially redefining "asset management" in a digitally native way.

When transparency, composability, and yield structures begin to merge, the experience of financial products undergoes a qualitative change. This may be the real reason for attracting a new generation of users—not how much higher the yields are, but that they can finally understand, participate in, and take control.