What is the LISTA DAO project?
1️⃣ Lista DAO functions as an open-source liquidity protocol, allowing users to earn yields on collateralized crypto assets such as BNB, ETH, stablecoins, and other cryptocurrencies.
2️⃣ Additionally, it enables borrowing of its decentralized stablecoin, lisUSD, also known as a “Destablecoin”
2️⃣ The protocol operates with a dual token model, utilizing lisUSD and LISTA tokens. LISTA serves as the governance token and offers voting rights, protocol incentivization, and fee sharing. Users can actively participate in governance decisions, earn LISTA rewards by borrowing lisUSD, and lock their tokens as veLISTA for additional benefits
3️⃣ What are the benefits and rights of LISTA holders?
4️⃣ Governance: LISTA token holders can actively participate in voting processes, influencing the protocol’s decisions.
5️⃣ Protocol Incentivization: Users who borrow lisUSD against collateral or engage in liquidity farming within lisUSD and slisBNB pools can earn LISTA tokens as rewards
6️⃣ slisBNB (Lista Staked BNB):
As of now, the live price for slisBNB is approximately $636.48 USD, with a 24-hour trading volume of $557,957.84 USD
Over the last 7 days, slisBNB has outperformed the global cryptocurrency market, despite a recent decline of -1.30%
7️⃣ Lista DAO and Liquidity Staking:
Lista DAO operates as a liquid staking and decentralized stablecoin protocol.
Key components include:
lisUSD: The decentralized stablecoin that users can borrow against various decentralized collateral.
slisBNB: The liquid staking token received when users stake their BNB on the platform
The protocol aims to address issues like frozen funds (common in fiat-backed systems) and value loss due to price instability (common in algorithmic stablecoins) by combining liquid staking, MakerDAO-like functionality, and liquidity from DEX LPs
LISTA, the governance token, empowers users to vote, participate in protocol incentivization, and share fees.
