As the first unlocking of WLFI approaches on September 1, the crypto market's attention is focused on the core component of the WLFI ecosystem, USD1. As an emerging stablecoin, USD1 is playing an increasingly important role in the crypto assets space.

Currently, the circulating market capitalization of USD1 is approaching 2.5 billion USD, with a 24-hour trading volume of approximately 357 million USD. This remarkable performance indicates that USD1 is gearing up for future development. From cross-chain operations to centralized exchange points, from meme coins to liquidity provision and lending services, the application scenarios of USD1 are rapidly expanding.

The on-chain liquidity of USD1 is forming at an astonishing rate, a trend akin to a mighty river flowing into the sea. In the current crypto market, controlling stablecoins means controlling the minting rights. Those who can stand out in the liquidity competition of USD1 may have the potential to take the lead in the future decentralized finance (DeFi) market, especially within the BNB chain ecosystem.

In the past quarter, ListaDAO has performed excellently in terms of on-chain liquidity at USD1. The strategy of ListaDAO is not only to attract funds but also to ensure the continuous flow of funds. They focus on the smooth operation of USD1 within the Lista protocol, including collateralization, providing liquidity, etc., thereby generating considerable returns and completing a virtuous cycle from USD1 to USD1.

ListaDAO provides a seamless USD1 usage solution: users can deposit USD1 into the Vault to earn interest or borrow USD1 using other mainstream assets. Then, these USD1 can be used as collateral for a CDP (Collateralized Debt Position) to borrow lisUSD, supporting the integration of the USD1/lisUSD liquidity pool. Finally, users can exchange their earnings back to USD1 to achieve compound growth. This multi-layered flywheel effect locks in depth, fee revenue, and total locked value (TVL) within the Lista ecosystem.

As of August 2023, the official TVL of ListaDAO has exceeded $3.5 billion, with the TVL of USD1 surpassing $100 million, making it the protocol with the largest locked amount of USD1 at present. In addition, the passing of the LIP-021 proposal resulted in a one-time burn of 2 million LISTA tokens, reducing the maximum supply to 800 million. This initiative is expected to promote the development of the Lista ecosystem to some extent.

Looking ahead to the second half of the year, ListaDAO's goal is to further expand and deepen the application of USD1. They plan to attract more treasury partners and expand more ecological scenarios. Another anticipated development is that ListaDAO is considering launching an interest-bearing version of USD1 backed by real-world assets (RWA) such as U.S. Treasury bonds or corporate bonds.

With the advancement of these developments, USD1 and ListaDAO are expected to play an increasingly important role in the evolving crypto market.