## What Are You Really Afraid Of?

Do you remember how you felt when you first heard the words "stablecoin" in the crypto world? Did you think it was like a safe deposit box? Until the collapse of LUNA and UST suddenly hitting zero, at that moment, countless people realized — what’s called "stability" can sometimes be worth less than scrap paper.

Since then, whenever projects that generate stablecoins appear, many people's first reaction is: "Is this another scam? Will it collapse someday?" This mindset is completely understandable. After being burned once, who dares to trust easily?

But the problem is, you might be confusing fundamentally different things.

## Magician vs Pawnshop Owner

If I had to make an analogy, LUNA is like a smooth-talking magician, deceiving you with unrealistic promises to get you involved. Projects like Lista, on the other hand, are more like honest, straightforward pawnshops.

Imagine you urgently need money and happen to have a Rolex worth 100,000. You walk into a pawnshop.

The pawnshop owner examines your watch and then says, "This watch is good, but I can't give you full price. I need to leave some room, what if gold prices drop? I can give you at most 70,000."

You accept. The watch stays there, and you walk out with 70,000 in cash.

This is the core logic of over-collateralization. Your assets (like BNB) are worth 100,000, but the stablecoins you borrow are only 70,000. This "discount" acts as a risk buffer. Even a 30% price drop won't break it.