From day to day the crypto industry continues to develop, this is marked by the emergence of interesting and promising new projects. But with so many choices, it makes it difficult to determine which ones are worth investing in because each project offers a variety of unique features.
So as usual, potential investors must carry out their own research or the term often used DYOR (Do Your Own Research) and consider the risks in this crypto market.
So, this time I want to discuss a crypto project that is holding a Megadrop on Binance and this is the second project after BounceBit.
What is Lista?
Lista is a DeFi protocol that allows users to earn rewards from cryptocurrencies and borrow a decentralized stablecoin called lisUSD. This protocol is based on the MakerDAO model. ListaDAO runs on the BNB Chain ecosystem with the aim of expanding to several other blockchains in the near future.
Well, apart from lisUSD, the Lista protocol also has LISTA as a utility and governance token for the Lista ecosystem. Currently the LISTA token is having a MEGADROP program on BINANCE.
Cara Kerja ListaDAO (LISTA)
The core of ListaDAO is its unique stablecoin, namely lisUSD, not like stablecoins in general which are pegged to fiat currencies such as the US dollar. lisUSD is a “destablecoin” which means a decentralized stable coin and does not aim to achieve price stability but lisUSD allows some price fluctuations.
To generate lisUSD users must deposit other crypto assets into Lista collateral. This collateral process aims to ensure that lisUSD is always supported by valuable assets so that credibility and stability are maintained.
So to borrow lisUSD, users must deposit their crypto assets into CeVault. lisUSD can be used for payments or traded on various exchanges.
Apart from that, lisUSD can also be obtained from a broker or exchange by staking in a liquidity pool on a decentralized exchange or DEX. This flexibility makes lisUSD an asset that is easily accessible and has many uses in the crypto ecosystem.
What is $LISTA?
LISTA is the original utility token from ListaDAO which has an important role in the ListaDAO ecosystem, including the following:
1. As a means of exchange in the ListaDAO ecosystem, LISTA facilitates every transaction which enables a decentralized payment system and does not bother users because there are no intermediaries.
2. Governance, LISTA holders can vote or propose votes on proposals. Be it decisions about new features, improving protocol quality or adjusting parameters.
3. Incentives, for active users who participate in the ecosystem such as depositing assets, staking or taking part in governance activities, they will get LISTA tokens as a reward.
Apart from that, we can also get LISTA tokens for free by joining the Megadrop project from ListaDAO which is currently underway on Binance.
How do you join the Megdrop Lista?
1. You must have $BNB coins and a Binance web3 wallet, for $BNB holders you probably already know its function apart from investment. (You must have a Binance account first to be able to participate)
2. Then stake the $BNB that you have in Earn locked products within a free period.
3. After that, go to the Megadrop page then click on the Lista project, scroll down to complete the Web3 Quest
4. Complete the Web3 Quest by transferring $BNB (minimum 0.012 $BNB) to the MPC Web3 Binance wallet using the Binance Smart Chain (BEP20) network
5. Then go back to the Start Quest page and click the (Start Now) button to stake 0.01 $BNB on the ListaDAO DApp.
6. Now here, click connect wallet then select Binance Web3 Wallet. Once finished, click stake to stake on the ListaDAO platform.
7. After the wallet is connected, all we have to do is stake to stake $BNB
8. As a final step, return to this page and click the Verify button.
9. OK, done, just wait for the $LISTA tokens to be distributed to our Binance account on June 20th.
Note: For friends who have already staked $BNB in Earn before Megadrop, it's also been counted. Just complete the quest to get the $LISTA token distribution.
