Clara is a DeFi analyst with a keen interest in the stablecoin market, but she has been puzzled: why is there often a lack of liquidity for many stablecoins? Poor user experience?
Once, she came across @ListaDAO and participated in the testing of USDL and $LISTA .
📊 The data surprised her:
• On-chain circulation has exceeded several hundred million dollars;
• TVL exceeds 150 million dollars, with a utilization rate of over 70%;
• Community governance is active, and $LISTA holders can directly propose.
She began to try providing liquidity on different DEXs while observing the incentive mechanisms of the protocols. A few weeks later, she found that not only was she earning stable returns, but she could also influence protocol upgrades through community voting.
Clara wrote in her notes:
“ListaDAO is not just a stablecoin; it acts like a liquidity engine, allowing funds to flow freely on-chain, and every participant can become a builder of the ecosystem.”
For her, this is not only an investment but also a brand new financial experiment.



