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ListaDAO and USD1: A strange mix of BNB chains - Could there be real potential?
Honestly, among all the recent chain projects, I haven’t thought much about many of them. But ListaDAO has taken a new approach by linking itself to the politically tinted stablecoin USD1. This is somewhat interesting.
I don’t think the name is hard to pronounce, let me explain it in simple words:
What is the function of ListaDAO? It has three main functions:
1. The BNB stake has been upgraded to slisBNB, which not only allows you to earn interest but also lets you use it to play DeFi.
2. The stablecoin lisUSD was created, which is generated by collateral and has full operations on-chain.
3. Our goal is to become the "financial supermarket of the BNB chain," encompassing lending, liquidity, and cross-chain services.
What is USD1? It's a different type of stablecoin, backed by World Liberty Financial (WLFI), which has close ties to the American Republican Party. It prides itself on full reserves, compliance, and transparency, and is even marketed as the "official American-style stablecoin." Simply put, it's a political alternative to the US dollar.
And here comes the point: ListaDAO + USD1 is not a random collaboration, but a deep connection.
ListaDAO has become the largest liquidity hub for USD1, with its total value exceeding $80 million. If you want to use USD1, there's no escaping it. With the "USD1 Vault," this stablecoin has become a tool for borrowing, storage, and decentralized finance, rather than just a payment instrument.
Why is it interesting?
1. Real finance × on-chain finance: USD1 is real reserve, and ListaDAO is decentralized on-chain finance. The two sides integrate and build a bridge.
2. Filling the gaps in the BNB chain: There has always been a lack of impactful stablecoins, and now it has finally been filled.
3. A dual mix of stablecoins: lisUSD (native on-chain) + $USD1 (backed by real-world support), which can bring more fun.
Of course, don’t just look at the bright side. There are risks here too:
Political support is a double-edged sword. If the atmosphere changes, it could cause problems.
We must commit to transparency and not just listen to the propaganda.
DeFi itself also involves contract risks and liquidation risks.
ListaDAO has given a platform to USD1, while USD1 has added an aura of regulatory compliance to it. Together, these two elements may complete the financial puzzle of the BNB chain. Its success in becoming a major player in the future depends on investors' willingness to enter the market.
For me, this mix is more like "a small shop in the basement suddenly started selling US dollar savings cards, which can also be used as mortgage loans." It sounds good, but you need to ensure the reliability of its manager before you dare to invest large sums of money.