Introducing Lista DAO
@lista_dao is an open-source liquidity protocol for earning yields on collateralized Crypto assets and borrowing lisUSD, the protocol's "Destablecoin".
Don't worry, I'll explain.
A destablecoin is a new asset class type that utilizes decentralized, liquid-staked crypto assets only as collateral and does not aim to achieve absolute price stability with fiat-based currencies such as USD.
âą Now the question is, why is this innovation important?
There are two key reasons:
1. Poor capital efficiency due to overcollateralized stablecoins
2. Crypto-lending price instability
@lista_dao was designed to solve this problem using its world-class revolutionary lisUSD destablecoin.
Here's how it works
How Lista DAO Works
Blockchain-based lending protocols should have low fees, fast execution, and high returns.
But, due to current design inefficiencies, they have to sacrifice stability, capital efficiency or decentralization.
Lista DAO's destablecoin perfectly fixes this
@lista_dao combines liquid staking, an extended version of the MakerDAO model, and additional liquidity from LPs on DEXs to guarantee unrivaled service.
The model also eliminates issues like
âą Frozen funds (fiat-backed)
âą Held value lost (algorithmic) due to price instability
Lista DAO consists of:
âą A dual token model (lisUSD and LISTA)
âą Set of mechanisms supporting instant conversions, asset collateralization, borrowing, yield farming, etc
1. Experienced Team
@lista_dao was built by DeFi experts and smart contract developers with vast experience in the space.
Interestingly, the ListaDAO project started out as Helio protocol, a successful project that secured $10 million in funding from Binance Labs
2. Strong Backing
Saying that @lista_dao is the biggest LSDfi project on @BNBCHAIN is definitely not an exaggeration.
The reason is simple: aside from securing a $10M investment from @BinanceLabs, ListaDAO has also established partnerships with the biggest web3 brands
3. Interoperability
