ListaDAO is doing stablecoins in a different way. Their core product, lisUSD, is an interest-bearing stablecoin generated through over-collateralization, aiming to create a cross-chain circulating asset that appreciates in value. The entire logic directly follows the path once taken by MakerDAO—just aiming to run faster this time.

Want to participate in this ecosystem? The approach is quite straightforward. Locking LISTA tokens can earn you veLISTA, which allows you to participate in governance and receive revenue sharing; you can also deeply participate by minting lisUSD through a CDP; or stake BNB to get slisBNB, which enables earning yields while maintaining liquidity. The most interesting part is that ListaDAO provides users with a 48-hour governance experience window, allowing everyone to truly feel what DAO operation is like.

However, the risks that need to be clear should also be understood. Whether governance reforms can truly be implemented remains to be seen over time. New business ventures face fierce competition in the DeFi space, and the market response after tokenomics adjustments is also unpredictable. The high volatility inherent in the crypto market itself is unavoidable.

It is worth noting that ListaDAO recently adjusted its financial policy—cancelling the previous model of a fixed 40% protocol revenue buyback and freeze. Now, these funds will be more flexibly used to reward veLISTA holders, support DAO operations, and ecosystem development. What this shift means still requires careful consideration.