Recently noticed an interesting phenomenon: macro signals are everywhere, inflation and geopolitical conflicts taking turns on stage, traditional financial markets fluctuating like a roller coaster. Most people choose to chase hot spots at times like this, but actually very few really notice — the more chaotic the market, the easier severely undervalued yield models become visible.
Today want to discuss why USD1 seems like an overlooked "yield anchor" at this stage. Many people think of lending-borrowing spreads when mentioning stablecoins, as if there's nothing new. But that's exactly the trap of looking at the surface. The really substantive stuff is actually hidden in the details of protocol mechanisms and ecosystem operations.
Just flip through on-chain data and you can see it: funding costs in DeFi have long been mismatched with the real world. Especially during periods of fragmented market sentiment, on-chain lending rates might spike directly due to a wave of speculative demand, but some well-designed protocols can pin borrowing costs down through mechanisms — isn't this kind of price divergence an arbitrage opportunity?
ListaDAO is exactly such an example. Through a composite model of liquid staking plus stablecoin minting, it has established a natural buffer mechanism: even when the market falls into fierce lending competition, the protocol can still provide borrowing costs far below market average (currently maintained around 1%). This isn't stacked with subsidies; it's determined by the mechanism itself.
From another angle, what you get isn't just cheap capital, but stable financing capability amid volatility. When the market falls into lending competition due to sudden information, you can still orderly deploy at 1% cost. This is the real advantage.
Recently noticed an interesting phenomenon: macro signals are everywhere, inflation and geopolitical conflicts taking turns on stage, traditional financial markets fluctuating like a roller coaster. Most people choose to chase hot spots at times like this, but actually very few really notice — the more chaotic the market, the easier severely undervalued yield models become visible.
Today want to discuss why USD1 seems like an overlooked "yield anchor" at this stage. Many people think of lending-borrowing spreads when mentioning stablecoins, as if there's nothing new. But that's exactly the trap of looking at the surface. The really substantive stuff is actually hidden in the details of protocol mechanisms and ecosystem operations.
Just flip through on-chain data and you can see it: funding costs in DeFi have long been mismatched with the real world. Especially during periods of fragmented market sentiment, on-chain lending rates might spike directly due to a wave of speculative demand, but some well-designed protocols can pin borrowing costs down through mechanisms — isn't this kind of price divergence an arbitrage opportunity?
ListaDAO is exactly such an example. Through a composite model of liquid staking plus stablecoin minting, it has established a natural buffer mechanism: even when the market falls into fierce lending competition, the protocol can still provide borrowing costs far below market average (currently maintained around 1%). This isn't stacked with subsidies; it's determined by the mechanism itself.
From another angle, what you get isn't just cheap capital, but stable financing capability amid volatility. When the market falls into lending competition due to sudden information, you can still orderly deploy at 1% cost. This is the real advantage.