I have been using Lista for almost a month. To be honest, the returns definitely outperform traditional financial management by a lot. But to give an objective evaluation, if this thing truly wants to become a mainstream choice, the practical obstacles are more numerous than imagined. Today, I’ll share the real situation I’ve encountered during this period.

**First hurdle: Difficulty for users to get started**

The most direct issue is, how do you explain it clearly to people who aren’t tech-savvy? When my mom asks what I’m doing, I have to start with basic concepts like “Why do you need a wallet,” “What is Gas fee,” “What if I lose my private key.” Every time I mention one, I see her eyes start to glaze over. Bank apps? Phone number plus password, done in five seconds. But blockchain financial management? No matter how optimized the interface, the underlying logic still feels like black magic to ordinary users. This requires huge market education costs, or a revolutionary onboarding method—like directly participating with one click via Alipay or bank cards.

**Second hurdle: Complete change in risk perception**

The risk in traditional banking financial management is actually quite simple: credit risk. If the bank really goes bankrupt, at least deposit insurance covers the losses. But Lista? The risks are much more complex. Vulnerabilities in smart contracts, collateral prices plummeting causing liquidations, governance attacks, risks from RWA asset custodians… Users are used to facing a single risk, but now they have to understand a whole basket of complex risks. I’ve seen Lista’s audit reports; top security teams are involved, and security measures are comprehensive. But that doesn’t change the fact that users must bear this cognitive burden.

**Third hurdle: Legal and regulatory gray areas**

This is the most tricky part. How do I report the income I earn from Lista for taxes? If something goes wrong, where do I complain? Who is responsible? In traditional finance, these questions have clear answers—regulators are explicit, legal procedures are straightforward. But decentralized finance is different. It relies on code, autonomy, and community consensus. This logic, within the current judicial framework, is still somewhat hazy. Lista’s attempt to launch RWA assets is indeed a compliance exploration, but the entire ecosystem is still operating outside traditional regulatory boundaries.

**To sum up**

Don’t misunderstand me—I’m not advising people to avoid it. On the contrary—these three hurdles actually highlight the value of this path. Lista demonstrates an alternative possibility with higher yields, complete on-chain transparency, and user sovereignty. By 2026, it may not replace traditional banks, but it will put significant pressure on banks to change. For those willing to learn and explore, crossing these hurdles is itself an opportunity to seize the future.

Lista doesn’t need to conquer everyone overnight to win. What it truly needs to do is make more and more people feel that the effort to understand this system is worthwhile.