DeFi yields are attractive, but risks are also right in front of you—how to balance high returns with principal safety? Recently, the community has been buzzing about the Walrus protocol, which seems to offer many people a new perspective.

After spending a few days diving deep, I found that this project indeed has its unique features. It not only emphasizes security mechanisms but also uses token incentive design to enable long-term participants to earn stable benefits.

**WAL: The Core Incentive of the Ecosystem**

The WAL token has a clear positioning—it serves as both the vehicle for governance rights and the hub for profit distribution. Holders have voting rights for protocol development, and almost all revenue sources, including liquidity mining, interaction rewards, and ecosystem building, revolve around WAL. In other words, early participants have the opportunity to gain more substantial ecosystem dividends.

**Security Design: Asset Isolation and Protection**

The core pain point of DeFi is always security. Walrus has put considerable effort into the smart contract layer, adding multiple layers of protection for user funds through an asset isolation architecture. While no system can claim to be 100% invincible, in an industry environment where hackers are active, focusing on security truly requires real strength.

**Liquidity Pools: Encouraging Long-Term Holding and Filtering Genuine Participants**

Common liquidity mining faces the same problem—hot money quickly flows in and out, with retail investors often becoming the bagholders. Walrus’s design approach is different; it encourages long-term liquidity providers through mechanism settings, naturally filtering out speculative behavior. This design benefits those genuinely interested in ecosystem development, rather than allowing quick-in, quick-out speculators to harvest profits.