What is Lista?
#Lista or Lista Dao is a Liquid Staking and Stablecoin array protocol on $BNB Smart Chain, backed by #Binancelab . The project's predecessor called Helio Protocol is a protocol similar to MakerDao (quite famous last season). Mainly offering lending of their stablecoins when users pledge LSTs (Liquid Staking Tokens) to the platform.
After the name change, Helio will be renamed Lista, the stablecoin formerly known as HAY will be changed to lisUSD. The project continues to expand the BNB pool for users to stake BNB and earn more profits when holding this coin.
How it works
Lista Dao works by allowing users to mortgage BNB, ETH, ezETH, BTCB,… or Stablecoins and borrow their decentralized stablecoin lisUSSD. The solution to this problem lies in allowing users to leverage their capital with a collateralized debt position (CDP). The project will avoid problems such as stablecoin value losing peg or funds being frozen thanks to the model developed by very experienced people in the DeFi environment, Terry Huang (who has more than 3 years of working experience at Biance) and Mark PX Chan. The 3 main factors to help the project develop are:
1. MakerDao model: efficient system for issuing stablecoins through collateralization of assets, the project used this same model to manage lisUSD
2. Liquid Stake: Staking is probably mentioned more than ever this season, this is also the "key" to bringing optimal profits to users through LSDfi and is also a way to increase liquidity in the system
3. Liquidity from LPs on DEX: Using LPs on DEXs will provide a rich source of liquidity for the project
Token Usecase
- DAO: LISTA token holders will have the right to vote on changes or developments of the project, this is also how many other projects are doing it
- Rewards: LISTA will be given to users when they borrow lisUSD with their collateral
- Profit sharing: Locking LISTA tokens for veLISTA will further share the protocol's profits
Tokenomics
Total supply: 1 billion tokens
Initial circulating supply: 230 million
Megadrop: 10% of total supply
Investors: 19% of total supply
Team: 3.5%
The project's tokenomics is aimed at development and airdrop for the community, so more than half of the total supply has been set aside for the community and airdrop activities. Tokens will be paid gradually from the floor listing and are expected to end in early 2040
summary
It is clear that the keyword Staking or Restaking is getting attention and is very hot this season, and Binance does not want to be left out as it gradually brings this concept more clearly to players. The fact that Binance Labs is behind and invested in the project also shows that they have incubated this project and included it in Megadrop so that users will have staking experiences through doing quests. This is also a pretty good way to make it easier and simpler for new players to access staking models in DeFi in exchange for additional rewards as well as borrow stablecoins for other activities. Please research carefully if you want to staking on the platform and explain to yourself the risks of mortgaging assets to borrow stablecoins! DYOR!
