Judging whether an on-chain protocol is reliable or not doesn't really require a word-by-word analysis of the white paper. There's a simple way—see if the funds are willing to flow into it with real money.

These days, the annualized yield of USD1 on a leading exchange approaches 20%. This isn't some welfare policy; it's a signal. Stablecoins are being "activated," and the market is sending a clear message: liquidity needs incentives.

However, most holders are in a contradictory situation. They hold their tokens and are reluctant to move them or change their positions, yet they eagerly watch the high yields of stablecoins. If they forcibly convert all their assets into stablecoins just to earn that small interest, it feels too亏—what if the market turns? At this point, there are only two options: give up this yield or find a way to break through this dilemma.

The emergence of ListaDAO, to some extent, is a response to this question. Anyone who has used it can feel the "quiet" nature of this protocol—no noisy marketing, no slogan-like promises, just the simplest operation process: collateralize assets, lend out USD1, and that's it.

No need to predict market directions, no gambling on price trends. The entire logic is centered on one core idea: locking in that certain return in the most economical way. This pragmatic approach is actually what many funds truly desire.

An interesting pattern is that these low-key protocols often don't become popular during market euphoria; instead, they gradually accumulate users during phases when funds start to become rational and return to fundamentals. Currently, the BSC ecosystem is in such a transitional period—hot money has receded, and funds seeking stable yields are beginning to emerge.

The high annualized yield of USD1 is a trigger thrown out by exchanges, while ListaDAO is the most fitting on-chain platform to connect with. When this yield chain becomes widely recognized, the return rates will generally be adjusted. So, before that happens, early experience and deployment are smarter strategies.

If you ask me what kind of positioning ListaDAO has in BSC, I’d say—it's a protocol that once used, quietly gets added to your favorites and occasionally comes back to use again. It’s not here to overthrow anything; it’s simply here to solve a specific yield need.