JPMorgan recently released a somewhat pessimistic forecast: the Federal Reserve may not cut interest rates in 2026, and could even continue to raise rates into 2027. Sounds a bit harsh, right? This means that the story of loose monetary policy lasting for more than two years might really come to an end, and the "cheap money" dividend that global risk assets have been enjoying could also fade away.

What does this imply for the crypto market? Many are still hoping for central banks to loosen policy, but some projects are not so passive. They have already been thinking: if macro liquidity becomes unreliable, can we find growth points within the protocol's own rules and community power?

The approach of Lista DAO is quite interesting — they proactively burned 20% of their tokens, creating scarcity for themselves. This isn't forced asset devaluation but a purposeful deflationary revolution. The key is that they also implemented a "lightning governance" system: community proposals are automatically executed on-chain, which can be done within 48 hours. Compared to traditional central banks that take months to decide on interest rate adjustments, this efficiency difference is quite striking.

This actually reflects a collision of two financial philosophies. One relies on central liquidity, while the other depends on self-governance mechanisms and community consensus to drive value creation. Lista DAO's practice shows that true decentralized finance shouldn't just wait for "liquidity injections," but should build the capacity for self-revolution.

The most interesting part is that this efficient self-iteration ultimately benefits the users directly, turning into visible gains and a strong sense of community. Perhaps this is what future DeFi projects need to consider: in an era where macroeconomic momentum may weaken, how can protocols themselves be designed and governed to create sustainable value?