Binance is just announced the second project on Binance MEGADROP - Lista DAO (LISTA), let's dive into this exciting project that strives to revolutionize the liquid staking model 👇
1. What is Binance MEGADROP? 🎁
The new token launch platform, Binance Megadrop, that seamlessly integrates with Binance Simple Earn and Binance Web3 Wallet, grants users early access to new Web3 projects, even before they are listed on Binance. By completing specific tasks and locking BNBs, users can earn a share of the airdrop rewards🎁
Participating in Binance Megadrop does not prevent users from taking part in Binance Launchpool, giving the opportunity to enjoy different staking mechanisms and rewards simultaneously.
While Launchpool primarily serves BNB holders, Megadrop aims not only to serve BNB holders but also to promote the Binance Web3 Wallet. Users must have an active Binance wallet and complete project tasks from the wallet interface to receive airdropped tokens.
2.What is Lista DAO? 🌐
Lista DAO is an open-source decentralized liquidity protocol for:
Earning yields on collateralized crypto assets ( $BNB , $ETH , stablecoins, ...)
Borrowing lisUSD: Lista's decentralized stablecoin
3. Why Lista? ⚡️
According to Lista, many stablecoin protocols have become too dependent on one model (entirely collateralized) or gone to another extreme (entirely algorithmic with no backing):
Entirely collateralized: either carry custodial risk or require on-chain overcollateralization.
Purely algorithmic: provide a highly trustless and scalable model but lacks stability.
Lista DAO proposes a solution to the capital efficiency problem of overcollateralized stablecoins by allowing users to leverage their funds with a collateral debt position (CDP). Through a combination of Liquid Staking, the functionality of the MakerDAO model, and additional liquidity from LPs on DEXs, Lista avoids issues such as frozen funds (fiat-backed) or held value loss (algorithmic) because of price instability.
4. lisUSD Destablecoin 🧩
Lista's decentralized stablecoin, lisUSD, is a new type of crypto asset class known as "destablecoin" for "decentralized-stablecoin".
While like other crypto-backed stablecoins, destablecoins utilize the overcollateralized model backed by crypto assets, they present some key differences:
Fully decentralized: traditional crypto-backed stablecoins such as DAI leverage on centralized crypto assets, destablecoins such as lisUSD use decentralized liquid staked assets as collateral.
Price stability without absolute peg fiat currencies: destablecoins does not aim to achieve absolute price parity with US $1 as a primary objective nor rely on fiat assets as the backed collateral.
5. LISTA Token
LISTA is the mainnet asset and governance token of Lista DAO.
The LISTA token has two uses:
Governance: LISTA holders can vote on governance decisions, ensuring the protocol evolves according to the community’s needs and preferences.
Economic incentive: by borrowing lisUSD against collateral or participating in liquidity farming in lisUSD, users can earn LISTA tokens.
6. Lista DAO Protocol
The protocol consists of a dual token model (lisUSD and LISTA) and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming, etc.
Native to the BNB Chain ecosystem, Lista has plans to expand to multiple chains in the near future.
Lista DAO allows users to:
Collateralise BNB
Borrow lisUSD
Farm lisUSD
Repay the loan (lisUSD + borrowing interest)
Withdraw collateral
Claim rewards in LISTA for borrowing lisUSD (coming soon)
Participate in protocol governance, using LISTA tokens (coming soon)
7.Prospects ⭐️
Lista was built by experienced DeFi experts and smart contract developers to position the world-class revolutionary lisUSD destablecoin as the most widely used one, by leveraging Proof-of-Stake (PoS) rewards, Binance Liquid Staking, and yield-bearing assets.
Founded in 2022, ListaDAO evolved from Helio Protocol, which focused on issuing overcollateralized stablecoin HAY with the aim of becoming the MakerDAO of the BNB chain.
In August 2023, Binance Labs announced a $10 million investment in Helio Protocol to support its transition into a liquidity staking platform and expansion to other networks. Subsequent rebranding officially transformed it into Lista DAO, standing for "LIquid STAking" representing its core functionality.
Lista DAO aims to help promote blockchain technologies into mainstream adoption by incentivizing borrowers and stakers to become a part of a new decentralized economy of scale.
Lista DAO has already partnered with a number of key players from the Web3 ecosystem, including Uniswap, PancakeSwap, and Curve.
8. Lista Megadrop Details : 💽
Token Name: $Lista (LISTA)
Max Token Supply: 1,000,000,000 LISTA
Megadrop Token Rewards: 100,000,000 LISTA (10% of max. token supply)
Initial Circulating Supply: 230,000,000 LISTA (23% of max. token supply)
Hard Cap per User: 800,000 LISTA (Max amount of token that a user can hold).
Binance will then list Lista (LISTA) at 2024-06-20 10:00 (UTC)🚀
Lista (LISTA) Megadrop Is Now Open! So what are you waiting for to accumulate LISTA tokens before the official launch on Binance? 💰
9. Lista Megadrop & Web3 Quests 📣
Step 1: Create your Binance Web3 Wallet on the Binance App!
Binance Web3 Wallet is a self-custody wallet. You have full control over your funds and assets. Move across CeFi, DeFi, and Web3 in a single tap.
External wallets imported to Binance Web3 Wallet will not count❗️❗️❗️
Step 2: Perform KYC verification!
Step 3: Complete Web3 Quests on the binance App.
Learn more about the Lista Dao project & start tutorials to boost your score & earn rewards 🎁
To avoid overloading the article, I let you visit the Megadrop page and you will find a complete tutorial about how to do the web3 quest.
To fully complete the Lista web3 quest, you must have stake BNB into SlisBNB on your web3 Wallet. We'll see how to do it in the next section! 👇
Step 4: Subscribe to BNB Locked Products :
For the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).
Lock your BNB for a set period (15, 30, 60, 90, or 120 days)! The longer the duration, the higher the Locked BNB Score.💰
BNB Locked Products Snapshot Period & Quest period:📆
2024-05-30 00:00:00 (UTC) to 2024-06-19 23:59:59 (UTC)
Rewards Distribution:📆
2024-06-20 06:00:00 (UTC)
10. Liquid staking "BNB" into "slisBNB, Step by step:
Log in to your binance app:
In to your Binance app and click on the “Wallets” section. Top right, go to “Web3”.
BNB Desposit:
Click on "Receive"Transfer some $BNB from your Binance SPOT account to your Binance Web3 portfolio. Click on "transfer in" & use the BEP20 network. (Minimum to have of 0.01 BNB).
Now that you filled your wallet with BNB, the next step is to liquid stake your BNB into slisBNB on Lista DAO 👇
Liquid staking BNB into slisBNB on Lista DAO:
Head over to the “Discover” section.
Search for “Lista DAO” in the search bar, and click on Lista DAO.
After being redirected to the official page: Connect your Binance Web3 wallet, and click on “Stake”.
Select the amount of BNB that you wish to stake! (Keep some to pay the transactions Fees)
Confirm the transaction: A notification will appear once your BNB has been liquid staked on Lista DAO.
You can now participate to the Lista Web3 quest, unstake your SlisBNB and claim the rewards on the same page!
11.To conclude; let's speculate on the token's price 🚀
The number of partners supporting LISTA is considerable! LISTA Dao has a solid basis for long-term success!
To get a good estimate of the listing price, let's zoom on the Megadrops details👇:
The initial circulating supply is at 23%
Compared to #Notcoin , it has far fewer holders, since airdrops rewards are only available during the Megadrops period. Selling pressure will therefore be much lower.
The current TVL (BNB staked) is around 180M!
The farming rewards are also very attractive, with a 22% return on a single lisUSD stake, this could increase demand for tokens! 📈
We have no information on a possible market capitalization at present. Given the strong demand and high TVL, we can assume that the initial Mcap will be similar to that of RENZO , i.e. several hundred million dollars.
I therefore opt for a floor of $200 million: 200 000 000 / 230 000 000 ~= 0.86 $ / token.
The price could go much higher on listing, but I think it will stabilize around $1 - 0.8$ 📈
I recommend that investors wait for the volatility peak to pass, and then buy lower during a stabilization phase❗️
And you ,what do you think of the LIsta token price? 👀
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ListaDAO OFFICIAL Links:
Website: https://lista.org/
Whitepaper: https://docs.bsc.lista.org/
X: https://twitter.com/lista_dao
Telegram: https://t.me/ListaDAO
Medium: https://medium.com/@ListaDAO
⚠️ Beware of Scams! ⚠️
🔹 @lista_dao is the ONLY official account.
🔹 We will NEVER DM you for transactions.
🔹 All "allocation presale" offers are scams!
🛡️ Stay SAFE and informed, everyone.