Imagine a scenario: VR and AR have truly become widespread. By 2030, devices like Apple Vision Pro are standard equipment, and people spend 18 hours a day in the metaverse. The values of the new generation of young people have completely changed— a rare dragon-slaying sword NFT is worth more in their eyes than 100 BNB. Massive capital is flowing from traditional crypto and L1 tokens into metaverse assets.

What will happen then?

Hard currencies like BNB suddenly become "the gold of the older generation," and no one wants them anymore. Protocols that use BNB as the main collateral, including Lista DAO, are beginning to shake at their foundations. Why? Because the entire design logic of Lista is built on a single assumption: **BNB is a hard currency**. When this assumption is denied by the new generation, problems arise.

From an evolutionary system perspective, Lista will either need to transform, starting to accept assets like NFTs and virtual real estate as collateral. But there’s a huge pitfall—these assets have extremely poor liquidity and their valuations are hard to quantify. How do you price a dragon-slaying sword? How do oracles feed the price? The **risk control challenges of non-standard assets** are right in front of us.

Either transform, facing unprecedented bad debt risks, or refuse to adapt, and you’ll just age along with BNB, eventually turning into a vintage shop in the digital world.

What is the essence behind all this? **Value is always subjective**. The financial edifices we consider unbreakable today might just be useless relics of the past for future humans. Protocols that fail to keep up with the narrative of the times will ultimately be swept into the trash heap by the torrent of history.