Stablecoin Anchors: Are lisUSD and USD1 Complementary or Competitive Within the Lista Ecosystem? @lista_dao The Lista ecosystem produces its own stablecoin, lisUSD, and also deeply integrates with the external stablecoin USD1. What is the relationship between these two? From a design perspective, lisUSD is generated through over-collateralized crypto assets, more like MakerDAO's DAI; while USD1 is an externally injected stablecoin that may have fiat currency reserves. Within the ecosystem, they may play different roles: lisUSD is an "internal circulation currency," with its generation and repayment tightly tied to lending activities; USD1 may be an "external value input anchor" and a core financial asset. Understanding their positioning and circulation changes can help you determine whether the ecosystem's funds are primarily internally circulated or continuously attracting inflows of external stablecoins. Liquidity Risk: It's necessary to monitor whether lisUSD has sufficient liquidity pools across various DEXs to maintain its peg to the US dollar. Any de-pegging will impact the entire system. Do you think a protocol with both "endogenous" and "exogenous" stablecoins is more robust or more complex? Stablecoins may decouple due to insufficient collateral, liquidity crises, or regulatory issues. @lista_dao #BestUSD1InvestmentStrategyListaDAO $LISTA