Original | Odaily Planet Daily
Author | Asher
On May 23, Binance announced that the second phase of the token issuance platform Megadrop is Lista (LISTA). Users can apply for BNB regular products on the Binance Megadrop platform or complete the BounceBit Quest through the Binance Web3 wallet to obtain airdrop rewards. 10% of the total tokens will be used for this event. Just last night, the Binance Web3 wallet event entrance was opened, and more than 45,000 users have participated so far, which shows its popularity.
So, why Lista DAO can be listed on the Binance Megadrop platform, and how new users (only 0.01 BNB is needed to participate) should participate in this "guaranteed profit". Odaily Planet Daily will introduce them to you one by one based on official information.
Lista DAO: Liquidity staking and decentralized stablecoin lending protocol
Image source: Official Twitter
Introduction
Lista DAO is a liquidity pledge and decentralized stablecoin lending protocol. Users can pledge and liquidity pledge on Lista, as well as borrow lisUSD using a range of decentralized collateral. As of today, the official website shows that the TVL on the Lista DAO platform totals as high as $474 million, an increase of more than 30% in a month, ranking fourth among BSC chain ecological applications. Among them, the collateral value exceeds $300 million, and the liquidity pledged assets are worth about $168 million.
ListaDAO Platform TVL
On the Lista DAO platform, users can borrow stablecoin lisUSD in an over-collateralized manner by pledging ETH, BNB native assets or LSD assets such as slisBNB. It is worth noting that the annualized yield of staking stablecoin lisUSD is as high as 22.59%.
Stablecoin lisUSD staking annualized yield 22.59%
Financing
ListaDAO, formerly known as Helio Protocol, was created in 2022. It is the issuer of the over-collateralized stablecoin HAY and aims to be the Maker DAO protocol on the BNB chain.
On August 11, 2023, Binance Labs announced a $10 million investment in Helio Protocol to help it continue its transformation into a liquidity staking platform while helping it expand to other networks.
ListaDAO financing
Token Economic Model
According to a research report released by Binance Research, Lista DAO’s native token LISTA is a BEP-20 token with a total supply of 1,000,000,000. The specific distribution is as follows:
Binance Megadrop: 100,000,000 LISTA, 10% of total supply;
Airdrop: 100,000,000 LISTA, 10% of total supply;
Investors and Advisors: 190,000,000 LISTA, 19% of the total supply;
Team: 35,000,000 LISTA, 3.5% of the total supply;
Community: 400,000,000 LISTA, 40% of the total supply;
DAO Treasury: 80,000,000 LISTA, 8% of total supply;
Ecosystem: 95,000,000 LISTA, 9.5% of total supply.
LISTA Token Economics
LISTA Token Release Schedule
LISTA Token Utility
LISTA is the governance token of Lista DAO and is used for the following functions:
Governance: LISTA token holders can vote on governance decisions of the protocol;
Protocol incentives: When users borrow lisUSD with collateral or perform liquidity mining in the lisUSD and slisBNB pools, they can receive LISTA tokens as rewards;
Voting: Users can lock their LISTA tokens into veLISTA and vote for the collateral they want to use to mint lisUSD and the liquidity pools they want to receive higher LISTA token emissions;
Fee Sharing: Users who lock LISTA for veLISTA will also be eligible for fee sharing.
Lista DAO Project Web3 Task Operation Demonstration
Binance Megadrop Phase 2 Project: Lista DAO
Note: According to user feedback from BounceBit, the first project of Binance Megadrop, there is a problem that verification cannot be performed after completing the task (the pop-up window prompt is as shown below). The reason is that the Binance Web 3 wallet is not newly created, but imported from outside. Therefore, to participate in Binance Megadrop, you must create a new wallet in the Binance Web 3 wallet to participate.
It is relatively easy to participate in Lista DAO. The specific process is as follows (Binance Web 3 wallet has been created and deposited with BNB by default):
STEP 1. Go to the Binance homepage and enter Megadrop
STEP 2. Select Lista, scroll down, click "Do Tasks", and then select "Start Now"
STEP 3. Connect your wallet and select Binance Web 3 Wallet, then click Stake
STEP 4. Enter 0.01 BNB and click Stake (0.01 BNB is enough), and it will prompt that the deposit is successful
STEP 5. Return to the Megadrop event home page to verify the task
