Admittedly, Lista has indeed established a foothold in the BNB ecosystem. Its leading position in lending protocols, hundreds of millions in TVL, combined with the community’s strong execution—claiming to burn 20% of tokens just by burning tokens—this kind of boldness is something many projects can't emulate. Its speed in crisis management is also widely praised.

But recently, the pace has become somewhat overwhelming.

Using CDP to borrow stablecoins was smooth, but then they immediately want to list on exchanges. The RWA product’s government bond yield (4.71% USDT.JAAA) looks promising, yet they suddenly announce plans to do unsecured credit loans. Now they’re even venturing into prediction markets? Isn’t this just trying to play every track in the DeFi ecosystem?

I understand the appeal of "Lego"—composability is indeed the core charm of DeFi. The problem is, you can't just stack simple modules into a spaceship and expect a single team to handle everything, right?

Audits take time. Risk control models need real-world testing. Compliance boundaries require exploration. These are not things that can be rushed through overtime. A more realistic concern is: if a new business line, like credit loans, suddenly crashes—such as a major failure—it's easy to drag the entire ecosystem down, even relatively stable products like RWA could suffer.

Shouldn’t we first focus on solidifying the crown of the "King of Lending" and expanding the underlying RWA infrastructure to be broader and safer? Rapid expansion can certainly generate buzz, but for small retail investors, stability is often more valuable than imagination.