Liquidity Depth: A More Important "Hidden Indicator" Than Stablecoin Price Disclosure of Conflict: I do not hold any LP positions related to this stablecoin. Is a firm peg of $1 to LisUSD enough? No. The slippage that occurs when you want to quickly sell $1 million worth of LisUSD is the key to measuring its true value. Liquidity depth determines a stablecoin's "utility" and "resistance to decoupling." Even at $1, if selling a large amount of LisUSD in a mainstream DEX (such as PancakeSwap) causes a slippage to 0.99 or even lower, its function as a medium of exchange and store of value is significantly diminished. Depth is created by liquidity providers (LPs). The Lista ecosystem needs to incentivize sufficient LPs to provide deep liquidity in major trading pairs such as LisUSD and USDT, BNB, etc. This is not only about user experience but also a safety valve: deep liquidity allows arbitrageurs to quickly smooth out price differences and maintain the peg; at the same time, it provides sufficient exit channels during market panics, avoiding a death spiral caused by liquidity depletion. Observational Metrics: Total liquidity of core trading pairs, the ratio of average daily trading volume to liquidity depth, and the sustainability of LP rewards. Closing Interaction: As an investor, would you trust a stablecoin with a consistently low price of 1.00 but shallow liquidity, or a stablecoin that occasionally fluctuates to 0.998 but has extremely deep liquidity? @lista_dao #BestUSD1InvestmentStrategyListaDAO $LISTA