#Binance's ListaDAO Megadrop, which will be distributed on June 20, continues.

What is ListaDAO (LISTA)?

ListaDAO (#LISTA) is a platform that allows users to earn returns on their crypto assets and borrow a decentralized stablecoin called lisUSD. The protocol is based on the MakerDAO model but offers several improvements to increase decentralization and efficiency. ListaDAO operates primarily on the#BNBChain ecosystem and plans to expand to multiple other blockchains in the near future.

How Does ListaDAO (LISTA) Work?

At the heart of ListaDAO is its unique stablecoin, lisUSD. Unlike traditional stablecoins, which are usually pegged to fiat currencies such as the US Dollar, lisUSD is a “pegless coin”. This means that it is decentralized and does not aim for absolute price stability. Instead, lisUSD allows for some price fluctuations, reflecting the natural volatility seen in traditional fiat currencies

lisUSD is collateral-backed, meaning users must deposit other#cryptoassetsinto Lista's collateral vault, known as CeVault, to create lisUSD. This collateralization process maintains the reliability and stability of lisUSD by ensuring it is always backed by valuable assets.

To borrow LisUSD, users must deposit their crypto assets to CeVault. This process allows them to access lisUSD liquidity by creating a loan against their collateral. Once produced, LisUSD can be used like other cryptocurrencies: sent to others, used to pay for goods and services, or bought and sold on various exchanges.

How Do I Join MegaDrop?

Get 1️⃣Bnb and stake locked.

2️⃣Open your web3 wallet (check out my page for web3 wallet)

3️⃣Stake an extra $0.012bnb

⚠️ Don't forget to confirm that you have completed the task.

✅️ Congratulations, you will have free $Listas on June 20th