🎁Things to know about the Lista DAO project
💪Lista DAO is a Liquid Staking Derivatives project on the BNB ecosystem. Lista focuses on two main products, including collateralized debt positions (CDP) and liquid staking. Both products focus on the aspect of increasing the liquidity of assets held by users.
💪Increased liquidity refers to users who own a certain type of token being able to increase their use cases in DeFi applications, instead of having to sell this asset and then have capital to experiment .
💪Lista DAO was renamed from Helio Protocol and was established in 2022 with the goal of becoming the 2nd Maker DAO on the BNB chain. In July 2023, Helio merged with Synclub and launched LSDFi Foundation - the origin of Lista DAO. The name Lista was also formed from Liquid Staking.
💪Lista DAO products include:
*** Collateralized debt positions (CDPs) to mint stablecoins from collateral
*** Liquid staking allows users to stake assets and receive rewards
*** Stablecoin lisUSD is backed by collateral
*** Duo token model with stablecoin lisUSD and governance token LISTA
💪LISTA Token is used for the following purposes:
*** Participate in governance and decision making on protocol development.
*** Encourage and reward users to participate in activities in the ecosystem.
*** Pay transaction and service fees on the platform.
*** Stake to receive rewards.
