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.
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AirdropFatiguevip
· 10h ago
Code governance > corrupt official governance, that logic makes sense... but can lisUSD really hold up?
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Lonely_Validatorvip
· 20h ago
Code governance is the eternal truth I love, much more credible than any form of human governance.
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UnluckyMinervip
· 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...
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DecentralizeMevip
· 20h ago
Code never betrays, but my wallet often betrays me haha
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GreenCandleCollectorvip
· 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.
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FrontRunFightervip
· 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?
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SelfMadeRuggeevip
· 20h ago
What was this guy thinking, traveling from the late Qing Dynasty to Web3? Haha
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