#ListaDAO #BNB clisBNB is a token-based credential that provides users with additional utility and flexibility to deposit BNB collateral into Lista DAO. As we continue to innovate and expand our ecosystem, clisBNB brings new functionality and improves the composability of assets deposited in Lista DAO, enabling better integration with other DeFi protocols.
What is clisBNB?
clisBNB is a "voucher" token that users receive after depositing BNB into a collateralized debt position (CDP) on the Lista DAO platform. It is designed to represent a user's BNB at a 1:1 ratio, ensuring that each clisBNB is directly associated with the amount of BNB locked in the CDP. This means that for every 1 BNB a user deposits, they will receive 1 clisBNB in return.
这款产品专门为希望利用其 BNB 存款参与 Lista DAO 上其他 DeFi 活动的用户量身定制。
Key features of clisBNB
clisBNB comes with several features that set it apart from other tokens while allowing users to gain focused utility while maintaining control over their assets:
1. 1:1 ratio with BNB
When users deposit BNB into Lista DAO’s CDP, they receive clisBNB in a 1: 1 ratio. This direct relationship ensures that for every BNB deposited, a clisBNB is created, maintaining a seamless connection between deposits and certificates.
2. Non-transferable tokens
An important feature of clisBNB is that it is non-transferable. Once issued, clisBNB cannot be transferred between wallets or users. It is only linked to the user's BNB deposit and exists only within the scope of the Lista DAO platform, ensuring its security and focused use.
3. Automatic destruction upon withdrawal
When a user withdraws their BNB or corresponding slisBNB from Lista DAO's CDP, clisBNB is automatically destroyed or burned. This mechanism ensures that clisBNB always accurately represents the amount of BNB in the user's position. Once the underlying BNB is withdrawn, the associated clisBNB is removed from the system to prevent value mismatches.
4. Mint clisBNB to another address
clisBNB offers a unique feature for users: when depositing BNB into a CDP, they can choose to mint clisBNB to another address. However, once this address is selected and clisBNB has been sent to it, it will no longer be transferable to any other wallet. This feature provides greater flexibility, especially for users who may want to delegate certain actions on behalf of another wallet, such as accumulating loyalty points.
However, this flexibility comes with some key limitations:
● You can only specify one address to receive clisBNB when making a deposit.
● If the underlying BNB or slisBNB is withdrawn, any clisBNB minted to the secondary address will be automatically destroyed.
● As a new product, clisBNB is currently still limited in functionality. Currently, it only serves as a receipt for the BNB deposited by users and cannot perform any operations on the Lista DAO platform.
It is critical to understand that clisBNB is not a general purpose token. Instead, it serves as a voucher for deposited BNB and has no other operational utility. However, clisBNB unlocks new opportunities locked up with BNB on ListaDAO by improving composability, allowing it to interact seamlessly with other DeFi protocols, as well as capital efficiency, enabling users to more effectively leverage their staked BNB. This opens the door to easier integration and greater utilization of BNB deposits on Lista DAO in the future within the DeFi ecosystem.
