On June 20, 2024, Binance Exchange welcomed a dazzling new star — LISTA, which rose by more than 3,300% on the same day! The next day, $LISTA briefly broke through $0.85 and once reached $0.8571, setting a new record high. The 24-hour increase reached 4034.00%, adding many myths of getting rich quickly to the cryptocurrency circle!
LISTA is a project born with a golden key, backed by the towering tree of Binance. Both founders have experience working in Binance. Binance Labs directly invested $10 million in Lista DAO (formerly Helio Protocol) to help it transform into a liquidity staking platform, making it quickly rise to become a potential leader in the field of decentralized finance. On May 23, Binance announced that the second phase of the Web3 Lanuch platform Megadrop will be the ListaDAO (LISTA) token, which completely ignited the passion of community users. No wonder it was strongly sought after by the market as soon as it was launched.
As the "son" of Binance, Lista's LISTA project has lived up to expectations and has continuously innovated to lead the development of the track. Its $veLISTA, created by introducing the vetoken model, has created an advanced community governance model that is refreshing.
The veToken model, originally introduced by Curve Finance, is a token economic mechanism designed to align incentives and encourage long-term commitment from token holders. In this model, users lock their tokens (called "veTokens") for a specified period of time, during which they will receive governance power and various rewards. The longer the lock-up period, the more veTokens the user receives, which means greater voting power and higher rewards.
This system incentivizes users to make long-term commitments to the protocol, promotes stability and aligns their interests with the long-term success of the platform. Inspired by Curve Finance’s veToken model, Lista DAO achieves a similar function by locking LISTA as veLISTA.
Lock veLISTA URL: https://lista.org/lock
There are many benefits for users to hold $veLISTA, mainly in terms of income and governance rights:
The main benefits include:
1. Revenue Sharing: More than 50% of the revenue will be distributed to $veLISTA holders.
2. Community incentives: 250K LISTA will be distributed to $veLISTA holders every week; LPs and lisUSD pools
Enjoy 62.5K LISTA per week; total emission is 312.5K per week, about 1.25M LISTA per month.
Emissions will be determined through DAO voting.
3. Lock-up Rewards: Partner with @Listapiexyz_io to provide additional lock-up rewards.
4. Other incentives: will be announced later.
In addition to the lucrative benefits, there is also the most important governance power in DAO:
1. Proposal voting: Vote on key decisions directly on the Snapshot platform.
2. Propose proposals: The team will incorporate excellent proposals from the community.
3. Voting weight: vote for the collateral of lisUSD and decide which LPs can get higher emissions
quantity.
We have seen that the introduction of the veLISTA governance token model has made holding LISTA tokens more than just an investment. As a holder, you can get higher returns and more governance rights within Lista DAO. Influencing the future of Lista DAO by voting on important decisions and getting sustainable returns by participating in the Lista DAO ecosystem will further stimulate people's enthusiasm for buying and holding LISTA, thereby further increasing the price of the coin. In the end, veLISTA successfully fed back to LISTA and enabled LISTA.
As mentioned above, veLISTA holders can vote to select lisUSD collateral and decide which LPs can get higher emissions. This effectively controls the emission speed and rhythm of LISTA tokens and does not cause selling pressure on the market. The current monthly emission is 1.25M LISTA, with a relatively stable growth rate, which maintains the stability of the market.
The first phase of token unlocking for the team and investors is in June 2025. This long-term fund unlocking plan shows the project's commitment to the market and its confidence in the value of the token. There is less selling pressure in the market, and there is no risk of market turmoil dominated by venture capital, and no one will be harvested. The long-term and gradual team unlocking time frame also shows the confidence of the project, and the team will work harder to increase the price of the coin and enhance the practicality of the coin. These measures also make investors more optimistic about the appreciation potential of LISTA tokens, further driving up the price of the coin.
As we all know, Binance has always been optimistic about the stablecoin track and actively seeks cooperation with stablecoin projects. Lista DAO is a unique and innovative liquidity pledge and decentralized stablecoin protocol, and it is also the largest stablecoin protocol on the BNB chain. Lista not only has the investment support of Binance Labs, but also has the advantage of becoming a key support target. Binance has high hopes for it and has seen that a large amount of resources and convenience are inclined towards ListaDAO, and there may be high expectations in the future.
Therefore, there is every reason to believe that Lista DAO will become a powerful solution in the decentralized financial ecosystem in the near future.
For the latest introduction of $veLISTA, please see the latest report from ListaDAO official account:https://www.binance.com/en/square/post/11223427901337
