Core Insights - The article discusses the emergence of YinHe Protocol as a leader in the DeFi 4.0 era, representing a significant evolution in decentralized finance and a shift towards a decentralized banking system [1][2]. Group 1: Decentralized Banking - YinHe Protocol aims to fundamentally disrupt traditional banking models characterized by centralization and high barriers to entry, allowing every user to have their own decentralized bank account [4]. - The three core features of YinHe's decentralized banking include complete decentralization, automated governance through smart contracts, and a borderless, no-threshold participation model for global users [5]. Group 2: DeFi 4.0 Concept - DeFi 4.0 focuses on sustainability, scalability, and quantifiability, addressing the shortcomings of previous DeFi iterations by ensuring core revenues come from real trading activities and protocol value growth rather than inflationary subsidies [6][7]. Group 3: Joint Liquidity Market-Making - The Joint Liquidity Market-Making mechanism is introduced as a key infrastructure for DeFi 4.0, providing deep liquidity pools, higher capital efficiency, and democratizing market-making rights among all participants [9]. Group 4: Simplified Onboarding - YinHe Protocol offers a revolutionary user experience by allowing on-chain staking and redemption to be as simple as a transfer, eliminating the need for apps or complex interfaces, thus lowering user barriers and enhancing security [11]. Group 5: Long-term Vision - The ultimate goal of YinHe Protocol is to build its own financial-grade public chain, creating a comprehensive, self-evolving on-chain financial ecosystem that includes lending systems, decentralized stablecoin systems, payment networks, and a complete financial DApp ecosystem [12][13]. Group 6: Commercial Mission - YinHe Protocol represents a broader financial trend for the next decade, emphasizing asset decentralization, transparent earnings, universal accessibility, financial globalization, and ecosystem integration, aiming to transform finance into an open system accessible to all users [14][15].