A leading platform's USD1 investment product became an instant hit—offering a 20% annualized return that attracted $3 billion in funds. But behind the hype, there are underlying currents: as the promotion nears its expiration, a harsh reality faces participants.

Let's do the math. If everyone waits until the deadline to redeem, how intense would the selling pressure on USD1 be? The price would most likely fall below $1. Instead of betting on future liquidity, it's better to withdraw a day or two early—sure, you might earn slightly less interest, but your principal is safer. This choice made by savvy investors actually reflects a bigger issue.

High-yield promotions may seem tempting, but fundamentally, they are short-term liquidity games. Once funds start to withdraw en masse, even the most resilient system can't withstand it. At that point, participants will either time their exit correctly or become the last to take the loss. It's not just pure math; it's also a gamble on the project's fundamentals, the market maker's backing ability, and the overall market sentiment shift. In the end, the platform itself often benefits the most—through carefully designed activities that promote user growth, lock in funds, and serve as brand promotion.

However, there is another voice in the market. Some are beginning to reflect on this high-risk timing game and are turning to more stable, truly long-term solutions.

Lista DAO has taken a different path. Instead of chasing instant skyrocketing annual yields, it focuses on building a reliable financial infrastructure. The key is certainty—by introducing RWA (Real World Assets), users can directly convert USDT into on-chain yield rights of U.S. Treasury bonds, with a stable annualized return of around 3.65%. Sounds less attractive than 20%? But that’s real gold and silver treasury yield, more akin to traditional financial safe-haven assets.

Moreover, from a lending cost perspective, some of Lista DAO’s stablecoin loans have interest rates as low as 1.85%, leaving ample room for leveraged arbitrage. Coupled with a clear cross-chain plan, users can achieve efficient yield farming within a secure framework.

The comparison between these two approaches boils down to a choice: gamble in the unpredictable liquidity game, or steadily build on a sustainable ecosystem infrastructure? The market is giving more and more people the answer.