Imagine a scenario: During the late Qing Dynasty, the imperial treasury was empty, and silver was flowing out. Emperor Daoguang was desperately trying to prevent wealth from flowing to Western banks.
At this moment, someone proposed: "Your Majesty, why not establish a transparent money house?"
"What's so special about this money house?"
"First, the common people can deposit assets like jewelry, antiques, and other valuables, and exchange them for a new type of silver note—lisUSD. This silver note is backed by sufficient assets, far surpassing the credit of government-issued paper currency (over-collateralization)."
"Second, this money house is not controlled by corrupt officials but operates automatically through code rules, with every detail on the chain (pure decentralized governance)."
"Third, depositing assets can generate returns; the more people deposit, the faster the interest accrues (liquidity incentives)."
Although it's a joke, the underlying logic is quite profound. Centralized trust systems are often vulnerable, whereas code-driven decentralized protocols are eternal.
What ListaDAO does is exactly this: in the era of digital assets, helping ordinary people establish a truly "private property that is sacred and inviolable" decentralized financial system. Through over-collateralization, code governance, and liquidity incentives, every participant can gain real benefits within this ecosystem.
$LISTA's approach essentially signifies the return of financial sovereignty.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
7
Repost
Share
Comment
0/400
AirdropFatigue
· 10h ago
Code governance > corrupt official governance, that logic makes sense... but can lisUSD really hold up?
View OriginalReply0
Lonely_Validator
· 20h ago
Code governance is the eternal truth I love, much more credible than any form of human governance.
View OriginalReply0
UnluckyMiner
· 20h ago
If Emperor Daoguang had this kind of thinking, he wouldn't have been beaten so many times, haha. The question is, can code withstand power...
View OriginalReply0
DecentralizeMe
· 20h ago
Code never betrays, but my wallet often betrays me haha
View OriginalReply0
GreenCandleCollector
· 20h ago
This analogy is perfect. Back in the Daoguang era, if we had lisUSD, we wouldn't have been trampled on by the West.
View OriginalReply0
FrontRunFighter
· 20h ago
code doesn't lie, but humans sure do. this overcollateralization story sounds nice til you check the actual liquidation mechanics... who's really holding the bags when things go sideways?
Reply0
SelfMadeRuggee
· 20h ago
What was this guy thinking, traveling from the late Qing Dynasty to Web3? Haha
Imagine a scenario: During the late Qing Dynasty, the imperial treasury was empty, and silver was flowing out. Emperor Daoguang was desperately trying to prevent wealth from flowing to Western banks.
At this moment, someone proposed: "Your Majesty, why not establish a transparent money house?"
"What's so special about this money house?"
"First, the common people can deposit assets like jewelry, antiques, and other valuables, and exchange them for a new type of silver note—lisUSD. This silver note is backed by sufficient assets, far surpassing the credit of government-issued paper currency (over-collateralization)."
"Second, this money house is not controlled by corrupt officials but operates automatically through code rules, with every detail on the chain (pure decentralized governance)."
"Third, depositing assets can generate returns; the more people deposit, the faster the interest accrues (liquidity incentives)."
Although it's a joke, the underlying logic is quite profound. Centralized trust systems are often vulnerable, whereas code-driven decentralized protocols are eternal.
What ListaDAO does is exactly this: in the era of digital assets, helping ordinary people establish a truly "private property that is sacred and inviolable" decentralized financial system. Through over-collateralization, code governance, and liquidity incentives, every participant can gain real benefits within this ecosystem.
$LISTA's approach essentially signifies the return of financial sovereignty.