The price of Lista DAO (LISTA) has been up by 15% today. This spike was caused by a key announcement made on the project’s website.
The project announced the AMM module that was created to stabilize listUSD and strengthen the project’s $1 peg.
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The project is focused on balancing demand and supply, and it announced it is using a dynamic borrow rate inspired by Curve Finance. The solution will benefit the ecosystem in various ways.
It will continue to adjust supply based on demand, ensure market liquidity, get real-time ListUSD prices through Binance Oracle, and also maintain price stability.
Excited to announce the AMO module, designed to stabilize lisUSD and strengthen our $1 peg! Balancing supply and demand is key, and we’re now using a dynamic borrow rate, inspired by Curve Finance! pic.twitter.com/SS3zFeLZ4b
— Lista DAO (@lista_dao) July 19, 2024
List DAO also announced a CAC S3 update, which started today at UTC+0. The transition into season 3 introduces features and updates that enhance the user’s experience.
This news has created positive sentiment in the ecosystem, causing the price to surge.
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