I got back from playing cards last night close to 2am, and the group chat was still arguing about where to park USDT for both safety and yield. Everyone kept posting a bunch of high APY options, but all I could think was: been burned before. As an engineer, I casually opened my wallet and saw that thBILL position I haven’t touched—it gave me some peace of mind. At least that part of my money is actually buying US Treasuries, not betting on how long some mining pool lasts.

These days, @Theo_Network has been making some bold moves: on one hand, partnering with Stable and Libeara, committing over $100 million into the AAA-rated ULTRA Treasury Fund; on the other, deploying thBILL/PT-thBILL on Arbitrum’s Pendle and lending protocols to farm DRIP incentives. The result? TVL is approaching $200 million, and all the metrics are steadily climbing.

My approach as an engineer: treat thBILL as a defensive base position, then layer other strategies on top over time. What I value more is the tTokens/iTokens framework behind it, which turns Treasuries into “cash flow Legos.” Not shilling, DYOR, but in a cycle where everything’s just about storytelling, having a position that actually buys Treasuries and still lets you play DeFi is already rare for someone like me who’s afraid of getting burned again.