LISTA Project Introduction
Lista DAO is an open source liquidity protocol for earning yield on collateralized crypto assets and borrowing their decentralized stablecoin lisusD (also known as “Destablecoin”).
It utilizes a dual token model (lisUsD and LISTA) and extends the MakerDAO model to provide a decentralized, unbiased, collateral-backed stablecoin while leveraging decentralized liquidity assets.
Created by DeFi and smart contract experts, ListaDAO aims to position lisuSD as a leading stablecoin by integrating proof-of-stake rewards and yield assets, with a focus on decentralization, capital efficiency, and broader blockchain adoption.
LISTA Project Megadrop Data:
The total number of participants was 870,000, which was about 6% more than the 822,000 in the previous issue - BounceBit (BB). The number of participants in the Web3 task was 852,000, which was nearly double the 433,000 in BounceBit. It can be seen that more and more people have seen the importance of the weight of the Web3 task, and the Megadrop drainage effect has increased!
Interestingly, during the MegaDrop, the number of depositors and trading volume in Lista was directly related to the price of BNB. When the price was high, the number of participants decreased, while when the price of BNB fell, the number of depositors in Lista increased. In particular, on June 18, when BNB fell below 580, the number of depositors increased significantly that day. Currently, the amount of BNB pledged for liquidity on Lista has reached more than 390,000.
LISTA Token Economics
$LISTA has a total of 1 billion pieces. According to token economics, the initial circulation is about 22.7%. In 2023, Binance invested 10 million in Lista, and the unlocking condition is 5.25% released by TGE, which will be released linearly over 2 years after 9 months of lock-up.
Based on the 19% investor ratio, the primary price is about $0.0526, and the corresponding TGE price is 1u. From this point of view, Pancake's IFO price is very attractive. I wonder if it can boost Pancake and reproduce its former primary glory.
Looking at the distribution of the token economy, the team itself only took 3.5%, and most of the tokens were given to the community and ecosystem (10% airdrop, 10% Megadrop, 9.5% ecosystem, 40% community). It is a rare project with a relatively large structure, which may bring a bit of coolness in this summer filled with VC coin FUD.
In addition, looking at the overall on-chain data, Lista’s current TVL is around US$322 million, ranking fourth on BNBChain, and is the largest stablecoin protocol on the BNB chain.
Future prospects of the LISTA project
Lista’s Yin-Yang Bagua-shaped icon represents the integration of liquidity staking and decentralized stablecoins. Lista itself is a combination of the stablecoin project Helio and the liquidity staking project Synclub.
Some time ago, He Yi said in X Space that Binance is optimistic about the stablecoin track and welcomes cooperation with stablecoin projects. Lista is currently the largest stablecoin protocol on the BNB chain and is also an investment of Binance Labs itself, so how can we not support it?
First of all, the biggest factor affecting the prosperity of a public chain is the prosperity of DeFi projects. After all, the most common metric for valuing a chain is TVL. Although DefiLlama avoids the problem of repeated calculations caused by lending or liquidity pledge when calculating TVL, it is difficult to perfectly avoid all repeated calculations as the complexity of the capital path gradually increases. The lending protocol and liquidity pledge protocol of stablecoins are the main DeFi products that can unlock capital liquidity.
Analyzed
The combination of liquidity pledge projects and stablecoin projects is essentially a mutual complement of liquidity. Imagine a one-stop shopping district or industrial cluster effect. After buying product A, you need to use it in B. If a place can provide competitive product A and service B at the same time, it will reduce logistics costs and improve efficiency. As a result, the A and B industries in this place will become more prosperous.
Similarly, Lista will attract more users with asset-earning needs by leveraging the convenience of the same platform, and the increase in liquidity will attract more users.
Lista's future is probably to expand towards multiple collateral assets and multiple scenarios. In addition to BTC, ETH, BNB original assets and LST assets, the current collateral assets also support multiple LRT assets. According to the roadmap, it will expand to multiple chains in the future.