Lista DAO is the second project listed on Binance's Megadrop platform.
1. What is Lista DAO?
Lista DAO, formerly Helio Protocol, is an open source liquidity protocol built on the BNB Chain, allowing users to earn profits by pledging crypto assets such as BNB, ETH, stablecoins, etc. . borrow lisUSD, the protocol's centralized stablecoin, also known as "destablecoin".
Lista DAO operates based on a 2-token model (lisUSD and LISTA) and a set of mechanisms that support instant conversion, asset collateral, borrowing, profit farming, etc. Currently, this protocol operates operates on the BNB Chain ecosystem and plans to expand to many other ecosystems in the future.
Destablecoin - New concept of the market
Destablecoins are a new asset class in the cryptocurrency space, created with the aim of more accurately describing existing types of stablecoins. The prefix "de-" in destablecoin means decentralized. Destablecoin uses decentralized liquid collateral collateral as collateral, rather than trying to maintain an absolute exchange rate with fiat currencies like USD. While not quite as volatile, the price of destablecoins can still fluctuate slightly, similar to conventional currencies that are influenced by reference rates and interest rate differentials determined by the open market.
How is Destablecoin different from stablecoin?
Like other crypto-backed stablecoins, destablecoins use an overcollateralization model with digital assets as collateral, similar to DAI. However, the main difference lies in:
Fully Decentralized: Destablecoin uses 100% decentralized assets as collateral. This is quite different from some stablecoins like DAI, which use centralized assets like USDC as collateral.
Broader Stability Goal: Destablecoin aims for general stability rather than being completely pegged to a specific fiat currency. Destablecoin does not aim to fix the price of 1 destablecoin to 1 USD and also does not depend on fiat assets as the main collateral.
2. Products of Lista DAO
Liquid Staking
Lista DAO offers users the opportunity to stake BNB tokens for attractive APR returns of 1% to 3% in the form of slisBNB tokens. slisBNB is a profitable Liquid Staking token, similar to Rocket Pool's rETH. The value of slisBNB will gradually increase over time due to the accumulation of staking rewards from BNB Chain and is not fixed to the price of the BNB token.
Operating process:
Users stake BNB on Lista DAO: Lista DAO will delegate the staked BNB to validators operating the Proof of Stake (PoS) network of BNB Chain. Validators receive BNB rewards for operating the network. Lista DAO will divide the BNB rewards received: 95% for users who stake BNB and 5% retained for Lista DAO's fund. Users receive slisBNB - representing their profits and staking positions.
Stablecoin lisUSD
LisUSD is a destablecoin issued by Lista DAO, minted when collateral users pledge assets to the protocol and will be burned when the borrower repays to complete the loan or when their loan position is liquidated .
The types of assets that can be pledged to mint lisUSD are divided into 2 types:
- Classic Collateral: ETH, BNB, wBETH, slisBNB và BTCB.
- Innovation Zone: weETH, ezETH và STONE.
5. Development team and investors
Lista DAO's development team includes:
Toru Watanabe: Is the CEO and founder of Lista DAO
Terry Huang: He is the COO and co-founder of Lista DAO, and worked for Binance for 3 years.Investor: Investor of Lista DAO (Helio). Source Crypto FundraisingInvestor of Lista DAO (Helio). Source Crypto Fundraising
Lista DAO (Helio) has raised $10 million from a single investor, Binance Labs.
6. Tokenomics
Token name: Lista DAO
Symbol: LISTA
Blockchain: BNB Chain
Contract: Updating…
Total supply: 1,000,000,000 LISTA
7. Token allocation rate: LISTA token allocation rate LISTA token allocation rate
LISTA tokens are allocated as follows:
Binance Megadrop LISTA
After BounceBit, Lista DAO is the 2nd project released on Binance's Megadrop platform. Some information about LISTA Megadrop is as follows:
Megadrop time: From 7 am on May 30 to 7 am on June 19 (Vietnam time). Ways to participate in Megadrop: Lock BNB or do Web3 tasks. LISTA token listing time: June 20, 5 p.m. (Vietnam time). Rewards will be distributed at 1pm on June 20 (Vietnam time)
9. Summary
Above is all the information about the Lista DAO project. Coin68 hopes readers will grasp the basic information about the project to make their own investment decisions. Wishing you a successful investment!