Recently, Trump announced tariffs on Europe to pressure the purchase of Greenland. The essence of this move is a struggle for strategic territory. But in the crypto space, a fierce competition over "capital highlands" is also underway, just with completely different gameplay.

Lista DAO on the BNB Chain is a typical example. It doesn't rely on external pressure but instead competes for users by optimizing the protocol itself. Its recent strategies are quite aggressive: one is to push lending rates very low, with some assets' annualized costs dropping below 1%. This effectively creates the most cost-efficient "financing port" in DeFi. The other is to introduce real assets, such as U.S. Treasury bonds, building on-chain stable yield products with around 4% annualized returns. Users are not forced; they choose based on their own needs.

Even more interesting is the governance logic. This isn't a territory ruled by a central authority; after locking tokens, users gain voting rights to jointly decide the protocol's direction. Currently, there are nearly 39% annualized incentives for locking. This forms a decentralized autonomous model based on transparent rules and profit sharing—power truly belongs to all participants.

According to its roadmap, Lista DAO also plans to expand to Ethereum and include more asset types. This is somewhat like expanding hub nodes on the crypto map, gradually weaving a denser network. Regardless, this approach of competing through internal optimization and mechanism innovation rather than external pressure indeed offers the market plenty of imagination.