Lista DAO introduces an exciting opportunity for its community: the Lista DAO Vault. Created in partnership with Berachain and Stakestone, this innovative platform allows Binance Smart Chain (BSC) users to participate in Berachain’s Pre-Deposit Campaign and earn rewards such as BGT, STO, Reyco Points, and LISTA tokens.This marks a significant step for users looking to maximize their DeFi returns.
What is Berachain and Why is it Important?
Berachain is a next-generation Layer 1 blockchain, compatible with Ethereum Virtual Machine (EVM), powered by a unique Proof-of-Liquidity (PoL) consensus mechanism. Instead of traditional Proof-of-Stake (PoS) or Proof-of-Work (PoW), Berachain’s PoL model rewards liquidity providers by turning them into validators. This ensures deep liquidity across the ecosystem while offering high yields for contributors.Currently, BSC users cannot directly access Berachain’s Pre-Deposit Campaign. However, the Lista DAO Vault bridges this gap, enabling BSC users to easily participate and earn significant rewards.
What Rewards Await Participants?
Bera-Wave Points Rewards
Stakestone has allocated 8.25 million STO tokens for early participants.
StakeStone’s Extra Boyco Rewards
An additional 4.25 million STO tokens will be distributed as extra rewards.
Berachain Ecosystem Incentives
Rewards from Berachain’s ecosystem will automatically be distributed to Vault participants.
LISTA Extra Rewards
Participants using the Binance Web3 Wallet will receive $50,000 worth of LISTA tokens as additional incentives.
How Does the Vault Work?
The Lista DAO Vault enables BSC users to deposit BTCB, which will then be bridged to Ethereum and deposited into Berachain’s vault. Advanced strategies like looping, lending, and Pendle will be employed to maximize returns.
Vault Details
Supported Token: BTCB
Minimum Deposit: 0.001 BTCB
Withdrawal Functionality: Not available during this phase (planned for future updates).
Campaign End Date: Late January
Earnings Utilization: beraSBTC rewards will be reinvested into additional yield strategies for higher gains.
Why Join the Lista DAO Vault?
Cross-Chain Expansion: Seamlessly bridge BTCB assets to Ethereum while tapping into a growing DeFi ecosystem.
Sustainable Returns: Berachain’s PoL model offers high rewards through liquidity-based incentives.
Exclusive Rewards: Earn rare tokens like BGT, STO, and LISTA.
Additional Incentives: Participants using the Binance Web3 Wallet can access an extra $50,000 in LISTA rewards.
How to Participate?
Deposit BTCB: Use the Binance Web3 Wallet to deposit BTCB into the Lista DAO Vault.
Earn Rewards: Gain rewards from Berachain, Stakestone, and Lista DAO.
Stay Updated: Follow Lista DAO for updates and guides on participating.
Important Dates
Deposits Open: Coming soon—stay tuned for announcements!
End of Vault Operations: Late January
Join the Future of DeFi with Berachain and Lista DAO
The Lista DAO Vault provides an exclusive gateway to Berachain’s Pre-Deposit Campaign. With competitive yields, cross-chain access, and exclusive rewards for Binance Web3 Wallet users.
Deposit your BTCB and step into the future of DeFi with Lista DAO. Ooga Booga 🐻🚀
#ListaDao #Berachain $BTCB @ListaDAO

Blockchain engineer for the Game Coin project (GME), Eric Zhu has settled fraud claims with the US Securities and Exchange Commission (SEC). He allegedly orchestrated a rug pull scheme that defrauded investors in the Game Coin token (GME). Zhu will pay nearly $823K if the court approves the commission’s motion for final judgment.

The SEC claims that Zhu misappropriated $553K from GME investors by using his role as the project’s blockchain engineer for personal gain. The agency suggests that GME was sold as a security via liquidity pools. Eric Zhu could be one of the last cases the SEC handles in Gary Gensler’s term as the commission’s chair.

GME developer to pay $823K in SEC settlement

According to the release, Eric Zhu is an experienced blockchain engineer and was hired to perform coding work for GME. The token was offered and sold to the public through liquidity pools for trading crypto assets. If the court approves the settlement, Zhu will pay $553K in restitution, $120K in prejudgment interest, and a $150K civil penalty without admitting guilt.

A person who deposits a crypto asset token pair into a liquidity pool receives liquidity provider tokens (LP tokens). In the case of a rug pull, liquidity providers suddenly withdraw their funds, which destabilizes the token’s value and causes losses for investors. The SEC alleges that was the scheme Zhu ran with GME tokens.

The SEC mentioned that Game Coin and its founders depicted that liquidity was locked in a social media post. It suggested that LP tokens were “locked” and could not be used by the issuers or other insiders.

The commission found that certain LP tokens were moved to a blockchain address under Zhu’s control. The blockchain engineer kept those tokens unlocked and later used them to perform a rug pull. The SEC added that Zhu sold $553,000 worth of tokens, which caused a 12% decline in GME price.

The final act for top SEC officials 

The resolution of Eric Zhu’s case could be one of the last wins for the watchdog in the Gary Gensler regime. However, the outgoing chair has advised the commission to intensify its regulation of the crypto sector, mainly on altcoins.

Donald Trump’s historic win in the US presidential elections proved to be a game changer for the digital assets industry. Trump has nominated Paul Atkins, who is sympathetic to the crypto cause, to be the new SEC Chairman. BTC price has surged by over 50% in the last 90 days, hitting the $108k mark.

The commission has also announced that the Acting Director of the Division of Enforcement, Sanjay Wadhwa, will also depart from the agency by January 31, 2025.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap