Stress Test: Will Lista DAO's liquidation mechanism fail under extreme market conditions?
Disclosure of Interest: I do not hold any $LISTA tokens and have no cooperation or node operation relationship with the Lista DAO team. This article is for independent research and analysis only and does not constitute any investment advice.
All collateralized stablecoins are most vulnerable to "black swan" events. Let's conduct a stress test: what will happen to Lista DAO's system if BNB drops by 30% within 24 hours?
Core Logic Deduction:
Chain Liquidation Risk: A large number of slisBNB collateralized positions approach the liquidation line. At this time, is the liquidator's profit margin (liquidation discount) sufficient to drive them to act quickly and absorb market selling pressure? This depends on the discount rate setting and on-chain liquidity.
Stablecoin Premium: During market panic, people may sell $USD1 for more stable assets, causing a negative premium on DEXs. Does the protocol have a design similar to PSM (Pegged Stable Module) to quickly arbitrage and maintain the peg?
Key data anchoring: Historical data on "overall collateral ratio" and "healthy position ratio" need to be monitored. If the collateral ratio of most positions remains in the warning range of 150%-200% for an extended period, the systemic risk is high.
Whether the protocol's risk parameters (liquidation threshold, discount rate) are set conservatively and dynamically is crucial for crisis management. Investors should pay more attention to its historical record of handling extreme market conditions rather than its average annual yield (APY) during calm periods.
Do you understand the health of Lista DAO's collateral ratio in the current market environment?
@lista_dao #BestUSD1InvestmentStrategyListaDAO $LISTA


