The early logic of DeFi was actually very simple and straightforward— the more assets you have, the more rights you can obtain. No collateral? Then no chance. This system is efficient, but the threshold indeed keeps most people out.

Recently, I've been paying attention to Lista DAO's movements, especially its 2026 plan, and it feels quite interesting. It seems to be quietly doing one thing: making finance no longer just about "what you have," but starting to focus on "who you are" and "how you act."

First, let's talk about "on-chain credit lending." Basically, it's about building a profile for blockchain addresses. Instead of just looking at how many tokens you have in your wallet, it pulls out your transaction history, which protocols you've participated in, how long you've held positions, whether you have any default records—these on-chain footprints pieced together become your "behavioral identity." Although right now, this mechanism might only give you a temporary credit limit of a few hundred dollars, it doesn't sound like much. But from a philosophical perspective, it means the system begins to recognize that stable, trustworthy behavior records themselves have value. This is a major shift because it breaks the iron rule of "collateral is everything."

Next, let's look at the "prediction market vault." In traditional prediction markets, users are isolated gamblers betting against everyone else. But Lista's vault idea is different—users can entrust funds to a consensus community to participate together. This shifts from "atomized individuals" to "community collaboration." You're no longer gambling alone but forming a collective with like-minded people.

These changes may seem subtle, but they imply that on-chain finance is gradually evolving into a more complex, more socially realistic credit system. Collateral is no longer the only ticket to entry.