Credit is the lifeline of finance. But the traditional system has a fatal flaw—it keeps a large number of people out. Banks require identity verification, credit history, income proof, and even your zip code can determine whether you get a loan. There are still billions of people worldwide who cannot access formal financial services.

Protocols like Lista DAO are changing this situation. What's the difference? Simply put: as long as you have internet and a wallet, you can participate within minutes. No questions about who you are, where you're from, or whether you have a credit record.

This may sound like a tech showcase, but it’s actually a complete rewrite of financial logic. Traditional credit relies on banks, scoring systems, and regulatory frameworks, with many intermediaries, low efficiency, and high costs. DeFi redefines the game with smart contracts and blockchain—more transparency, lower barriers to entry, and faster processes.

Of course, behind these advantages are new challenges. DeFi’s user experience is not yet very friendly, regulatory frameworks are unclear, and systemic risks cannot be underestimated. But this is precisely where the collision of old and new finance occurs: on one side, traditional stability and barriers; on the other, open possibilities and risks. What future finance will look like depends on how these two forces merge.