Recently, I want to look at the USD1 stablecoin strategy from a completely different perspective. Instead of getting caught up in these number games of yield amplification, I’d rather ask myself a hardcore question: if the market consolidates or even declines in the long term, will this system drag me to death? This is a key insight I only understood after using it for a while.

Honestly, many DeFi solutions look glamorous, but they all have a fatal premise—the market must cooperate. Once the market stagnates or even moves in the opposite direction, the entire structure begins to bite back at users.

The main reason I have been using USD1 on ListaDAO for the long term is simple: it’s one of the few protocols that can still survive under the worst conditions.

My strategic logic has become very straightforward: not pursuing "maximum profit," but rather "not being forced to operate frequently." My current requirements for any strategy are threefold—able to withstand the worst case, not forced to rebalance, and not making rash decisions out of panic.

From this perspective, looking at USD1 again, ListaDAO gives me two core reassurances.

**The first is controllable costs**: In many lending protocols, the truly terrifying thing isn’t liquidation, but sudden spikes in interest rates. Yesterday you could borrow, today the cost doubles, and users passively take the hit. But in ListaDAO, the borrowing cost of USD1 is a "slow variable," meaning the cost changes slowly and predictably. This essentially eliminates the risk of "costs spiraling out of control."

As long as the costs remain stable, the entire structure has enough time to buffer market fluctuations. That’s the security I need.

**The second is sufficient liquidity**. Although it was cut off later, this is the foundation for whether the entire system can truly be sustainable.