LISTA as a governance token for a certain DeFi protocol has its value supported by ecosystem growth and TVL expansion. To clarify whether this token is worth paying attention to, you need to understand its tokenomics design.

First, let's talk about distribution. Out of 1 billion total supply, the community gets 40% - quite a high proportion. Combined with airdrops and ecosystem development allocations, the community takes the lion's share. In contrast, the team only has 3.5%, and investors 19%. This design has a clear advantage—it reduces large-scale liquidation from team and early capital unlocks later on, which significantly helps long-term stability.

Next, let's look at where value comes from. Holding ve-form tokens enables several things: first, participation in governance and voting on key protocol parameters; second, sharing fee income, with protocol earnings directly flowing back to token holders; third, ecosystem incentives to attract liquidity providers and lending users. In essence, it transforms the protocol's success into actual returns for holders.

What's interesting is that initial circulation is only 23%, with the bulk still locked. As ecosystem TVL grows, if demand increases while supply remains constrained, this could indeed provide price support. But the risk lies here too—you need to closely monitor subsequent unlock schedules.

Overall, prospects for this type of LSDFi token are closely tied to protocol adoption and sector momentum. The ve model is indeed holder-friendly for long-term holders, but it's more like an asset requiring patient companionship rather than quick short-term gains.