Binance @lista_dao #Megadrop ! 🤑
BNB Locked Products Snapshot Period:
NOW until 19th of June 2024!
📣What is Binance Megadrop?
Binance Megadrop is a new special format where you can get new tokens before they're available to everyone. It's like a mix of Binance Simple Earn and Binance Web3 Wallet. It's a way to learn about new projects in the crypto world and get rewards for it. 🤓
Megadrop makes it easy, fun and rewarding to be part of the crypto community on Binance.
🔥How to find the Binance Megadrop on Binance?
1) Log in to your Binance account and go to [More] - [Megadrop].
2) Opt-in for BNB Locked Products and/or finish all specified Web3 Quests through Megadrop on the Binance App to earn points. To complete Web3 Quests, ensure you have an active Binance Web3 Wallet. If you don't have one yet, create your first Web3 Wallet now.
3) Once you've completed all the specified Web3 Quests, click the [Verify] button on the Megadrop project page before the Quest Period ends to successfully receive the Web3 Quest Bonus and Web3 Quest Multiplier.
4) Get Megadrop rewards based on your Total Score. Total score = = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus)🎁
Still no Binance account?
Sign up here👇https://accounts.binance.com/en/register?ref=O22ARWES
What is LISTA?
#Lista is an open-source platform that helps people earn interest on their crypto assets (like BNB, ETH, stablecoins, and other cryptocurrencies) and allows them to borrow a special type of decentralized stablecoin called lisUSD, or "Destablecoin."
What are the Key Features of Lista DAO?
Inspired by MakerDAO: Lista DAO builds on the successful MakerDAO model, focusing on creating a decentralized, unbiased, and collateral-backed destablecoin.
Dual Token Model: The platform uses two tokens: lisUSD (the stablecoin) and LISTA (a utility and governance token).
Multiple Functions: You can instantly convert assets, use your crypto as collateral to borrow lisUSD, participate in yield farming, and more.
BNB Chain Native: While it currently operates on the BNB Chain, there are plans to expand to other blockchain networks soon.
The platform is designed by experts in decentralized finance and smart contracts, aiming to make lisUSD the most widely used stablecoin by leveraging rewards from Proof-of-Stake (PoS) systems and interest-earning assets.
What is a Destablecoin?
A destablecoin is a new type of cryptocurrency designed to be more accurately named than traditional stablecoins. Here’s what sets it apart:
Decentralized: The "de-" prefix stands for decentralized, meaning it uses decentralized and liquid-staked crypto assets as collateral.
Not Perfectly Stable: Unlike traditional stablecoins that aim for a fixed value against fiat currencies like USD, destablecoins allow for some price changes, similar to how regular currencies fluctuate in value.
Market-Driven: They do not aim for absolute price stability with fiat currencies. Instead, they reflect the natural price changes based on market conditions.
Difference Between Destablecoins and Stablecoins
Types of Stablecoins: There are four main types:
Fiat-backed: Backed by fiat currency (e.g., BUSD).
Crypto-backed: Backed by other cryptocurrencies (e.g., DAI).
Algorithmic: Managed by algorithms (e.g., USDD).
Commodity-backed: Backed by physical assets (e.g., PAXG).
Key Differences:
Decentralization: Unlike some crypto-backed stablecoins that use centralized assets, destablecoins like lisUSD use fully decentralized assets as collateral, including liquid-staked assets.
Stability Approach: Destablecoins aim for broad stability rather than an exact match to fiat currency values, accepting natural price fluctuations as part of their design.
Why Choose Lista DAO?
Balanced Approach: Lista DAO addresses the issues seen in both fully collateralized and purely algorithmic stablecoins.
Avoids Common Problems: By combining elements of liquid staking, the MakerDAO model, and additional liquidity from decentralized exchanges (DEXs), Lista DAO avoids issues like frozen funds and loss of value due to price instability.
Efficient Design: Lista DAO solves the "Stablecoin Trilemma" by balancing decentralization, price stability, and capital efficiency.
Here you find why you should use LISTA according to ListaDAO
What Can You Do on Lista DAO?
Collateralize BNB: Use your BNB as collateral.
Borrow lisUSD: Get loans in lisUSD.
Farm lisUSD: Earn rewards by participating in yield farming.
Repay Loans: Pay back your lisUSD loan plus interest.
Withdraw Collateral: Retrieve your collateral after repaying your loan.
Earn Rewards: Soon, you’ll be able to claim LISTA rewards for borrowing lisUSD and participate in protocol governance using LISTA tokens.
aims to make blockchain technology more mainstream by encouraging borrowers and stakers to join a new, decentralized economy.
Binance will list Lista (LISTA) at 2024-06-20 10:00 (UTC)!