In the "on-chain Jianghu" of DeFi, where experts gather, the stablecoin protocol battle is like a clash of titans — and @ListaDAO actually claims to "lead in liquidity",
Is it really capable, or just blowing hot air? Today, let's dig into what makes this project so eye-catching!
First, let’s throw out a soul-searching question: what else can your stablecoin do besides being stable?
If it could even "generate interest" on its own, wouldn’t that be interesting?
What ListaDAO does is exactly this — it has created a stablecoin called lisUSD that comes with a “built-in profit Buff.” You just hold it, and it quietly earns interest, unlike some stablecoins that require you to deposit manually and actively withdraw, making it a blessing for the lazy.
Moreover, it is challenging industry veterans: MakerDAO (DAI) and Liquity (LUSD).
But this wave belongs to the “rookies optimizing old playstyles” —
DAI? Earnings need to be manually deposited, collateral becomes increasingly complicated, even houses are stuffed onto the chain, which makes regulators shake their heads;
LUSD? So simplistic that it yields no returns; you hold it, and it truly is as “stable” as a rock;
Meanwhile, ListaDAO focuses collateral on mainstream crypto assets (no nonsense), allows stablecoins to earn interest on their own, and has developed the black technology of “pupation” — simply put, it allows your assets to be utilized multiple times, maximizing efficiency.
I personally think its smartest move is: instead of directly confronting the giants, it pinpointed their weaknesses of “poor user experience” and “too dull profit models”, and cut right in. Plus, with BNB Chain and the Venus community backing it, it’s not starting off in a vulnerable state.
Of course, it’s not without risks:
Whether the new stablecoin can break into broader circles depends on how many protocols recognize it; smart contracts must not blow up… these are all tests.
But to be honest, in the DeFi world, there are really not many projects that can combine “simplicity and usability + high yields + capital efficiency” together. ListaDAO may not be king yet, but it indeed brings new ideas to the stablecoin track.
Perhaps what it is doing is just what the next generation of stablecoins should look like.
