protected String parseStringValue(String value, PlaceholderResolver placeholderResolver,
                                      Set<String> visitedPlaceholders) {

        StringBuilder result = new StringBuilder(value);

        int startIndex = value.indexOf(this.placeholderPrefix);
        while (startIndex != -1) {
            int endIndex = findPlaceholderEndIndex(result, startIndex);
            if (endIndex != -1) {
                String placeholder = result.substring(startIndex + this.placeholderPrefix.length(), endIndex);
                String originalPlaceholder = placeholder;
                if (!visitedPlaceholders.add(originalPlaceholder)) {
                    throw new IllegalArgumentException(
                        "Circular placeholder reference '" + originalPlaceholder + "' in property definitions");
                }
                // Recursive invocation, parsing placeholders contained in the placeholder key.
                placeholder = parseStringValue(placeholder, placeholderResolver, visitedPlaceholders);
                // Now obtain the value for the fully resolved key...
                String propVal = placeholderResolver.resolvePlaceholder(placeholder);
                if (propVal == null && this.valueSeparator != null) {
                    int separatorIndex = placeholder.indexOf(this.valueSeparator);
                    if (separatorIndex != -1) {
                        String actualPlaceholder = placeholder.substring(0, separatorIndex);
                        String defaultValue = placeholder.substring(separatorIndex + this.valueSeparator.length());
                        propVal = placeholderResolver.resolvePlaceholder(actualPlaceholder);
                        if (propVal == null) {
                            propVal = defaultValue;
                        }
                    }
                }
                if (propVal != null) {
                    // Recursive invocation, parsing placeholders contained in the
                    // previously resolved placeholder value.
                    propVal = parseStringValue(propVal, placeholderResolver, visitedPlaceholders);
                    result.replace(startIndex, endIndex + this.placeholderSuffix.length(), propVal);
                    startIndex = result.indexOf(this.placeholderPrefix, startIndex + propVal.length());
                } else if (this.ignoreUnresolvablePlaceholders) {
                    // Proceed with unprocessed value.
                    startIndex = result.indexOf(this.placeholderPrefix, endIndex + this.placeholderSuffix.length());
                } else {
                    throw new IllegalArgumentException(
                        "Could not resolve placeholder '" + placeholder + "'" + " in value \"" + value + "\"");
                }
                visitedPlaceholders.remove(originalPlaceholder);
            } else {
                startIndex = -1;
            }
        }
        return result.toString();
    }
Replaces all placeholders of format {@code ${name}} with the value returned from the supplied {@link
PlaceholderResolver}.

@param value               the value containing the placeholders to be replaced
@param placeholderResolver the {@code PlaceholderResolver} to use for replacement
@return the supplied value with placeholders replaced inline
oap-server/server-library/library-util/src/main/java/org/apache/skywalking/oap/server/library/util/PropertyPlaceholderHelper.java