By not testing our patience, Binance Megadrop has announced its 2nd project LISTA after the successful deployment of BounceBit (the first Megadrop Project)
You guys might know that the BounceBit project has got massive traction after its listing and the airdrop was huge for those who did long-term BNB subscriptions and completed all the web3 quests!
MEGADROP RECAP
It's an awesome platform where you can join web3 quests and subscribe BNB to Locked Products to earn amazing rewards!
Plus, you can even get your hands on project tokens before they're listed on Binance.
WHAT IS LISTA DAO?
Lista DAO is an open-source liquidity protocol designed to help you earn yields on your crypto assets and borrow a decentralized stablecoin called lisUSD.
1- A Liquidity Protocol:
You can deposit your crypto assets such as BNB, ETH, and Stablecoins into the protocol and start earning interest or yields on them.
2- Collateralized Crypto Assets:
When you deposit your crypto assets, they are used as collateral. This means you can borrow against these assets - isn't that great?
3- Decentralized Stablecoin (lisUSD):
A stablecoin is a type of cryptocurrency that is designed to maintain a stable value, often linked to a fiat currency like the US dollar. lisUSD is called a "Destablecoin," emphasizing its decentralized nature.
HOW DOES LISTA DAO WORKS
1- Earning Yields
When you deposit your crypto assets, they are used for different DeFi activities such as lending, staking, and providing liquidity in various pools.
The great part is that you can earn interest or yields on your deposited assets as a result. Happy investing!
2- Borrowing lisUSD:
By using your deposited crypto assets as collateral, you have the ability to borrow lisUSD.
For instance, if you have deposited ETH, you can easily borrow lisUSD against the value of your ETH with confidence.
3- Collateral-Backed:
Similar to how MakerDAO operates with DAI, Lista DAO ensures that each lisUSD is backed by collateral in the form of crypto assets.
This guarantees the stability and trustworthiness of lisUSD.
LISTA — LISTA DAO’S GOVERNANCE TOKEN
The following functions of $LISTA are as follows:
1- LISTA token holders have the power to vote on protocol governance decisions.
2- By borrowing lisUSD against collaterals or participating in liquidity farming in the lisUSD and slisBNB pool, users can earn LISTA tokens as rewards.
3- Users can lock their LISTA tokens as veLISTA to exercise their voting rights for minting lisUSD and providing LP with higher emissions.
4- Additionally, those who lock their LISTA for veLISTA will also qualify for fee sharing.
WHY I ALWAYS CHOOSE LISTA?
At LISTA, security is prioritized above all else. Their DeFi products are exceptional & undergo strict audits by leading firms, and they independently manage their validator node to ensure top-notch security for you all!
THIS IS NOT IT!
Their seamless UI is designed to provide an intuitive and easy-to-use experience for all users, making it enjoyable and accessible.
You guys can unlock sustainable yield opportunities across the BNB Chain by minting lisUSD and slisBNB & this might allow users to participate in yield farming or staking opportunities that offer a sustainable return
MEGADROP DETAILS
You guys can start participating in Megadrop from today!
Megadrop Period: 30th May to 19th June
LISTA Listing Date: 20th June 2024 at 10:00 UTC
TRADING PAIRS INCLUDE:
- LISTA/BTC
- LISTA/USDT
- LISTA/BNB
- LISTA/FDUSD
- LISTA/TRY
Lista DAO has a huge max total supply of 1,000,000,000 LISTA from which 10% will be given as Megadrop rewards. You need to get KYC-approved for Megadrop eligibility
LET’S TAKE PART IN LISTA MEGADROP
▶︎ Make a web3 wallet on Binance App
▶︎ Backup your wallet
▶︎ Your account must be KYC-approved
In Megadrop, you can get exclusive rewards by:
1- Subscribing BNB to Locked Products
2- Completing Web3 Quests
Login to your Binance Account and head towards More > Megadrop > LISTA > Quests
SUBSCRIBING BNB TO LOCKED PRODUCTS
▶︎ To subscribe BNB to locked products through Megadrop on Binance, select a duration of 15, 30, 60, 90, or 120 days. It is recommended to opt for the 120-day duration as the longer the duration, the higher your Locked BNB Score will be.
▶︎ The 120-day duration is advised for higher scores and greater rewards
▶︎ In the Megadrop campaign, a minimum of 0.001 BNB is required to subscribe to BNB Locked Products
▶︎ You’ll see Locked after subscribing BNB to locked products.
Note: Subscribe to Locked Products anytime to earn rewards every minute. They will be redeemed on the redemption date mentioned for each subscription.
WEB3 QUEST
LIQUID STAKING BNB INTO slisBNB
▶︎ You must have a minimum of 0.015 BTC in your spot wallet
▶︎ Log in to your Binance app and navigate to the “Wallets” section. Then go to “Web3”.
▶︎ To add funds to your web3 wallet, click on “receive”. If you are transferring funds from your Binance account, click on “transfer in”
▶︎ Select BNB as the coin for transfer and choose the BNB smart chain (BEP-20) network for the transaction.
▶︎ Choose the amount of BNB that you wish to transfer to your Binance Web3 wallet and then click on "withdraw".
Please note that to be eligible for Lista DAO’s “The Megadrop” campaign, you must stake a minimum of 0.01 BNB into slisBNB.
▶︎ Click on ‘Confirm’
LIQUID STAKING BNB INTO slisBNB ON LISTA DAO
Once you have funded your wallet with BNB, the next step is to stake your BNB into slisBNB on Lista DAO.
▶︎ Head to the "Discover" section in your Binance Web3 Wallet
▶︎ Search for "Lista DAO" in the search bar, and click on it.
▶︎ You'll be taken to Lista DAO's landing page in the app. Simply connect your Binance Web3 wallet and then click on "Stake".
▶︎ Please enter the amount of BNB you want to liquid stake on Lista. Don't forget to set aside some BNB for gas fees!
▶︎ Once you confirm the transaction, you'll receive a notification when your BNB has been successfully liquid staked on Lista DAO.
▶︎ After that come to Megadrop > Lista DAO > Quest > Earn Points > Start Quest
▶︎ Deposit 0.001 slisBNB in LISTA DAO before connecting and depositing to complete the Web3 Quest.
▶︎ Come back to the Megadrop page and click on Verify
CONGRATULATIONS!
To calculate total points, multiply locked BNB points by the Web3 task multiplier and add the Web3 task bonus points. After completing all quests, your score will grow by 1.5X, and you will also gain an additional 1000 bonus points.
DON’T DELAY — GET REWARDED BY DOING SIMPLE TASK, AFTER ALL IT IS MEGADROP SUPREMACY
CALL TO ACTION LINK FOR WEB3 QUEST
https://s.binance.com/Qf2DnsZN
PROJECT LINKS
Website: https://lista.org/
X: https://twitter.com/lista_dao
Telegram: https://t.me/ListaDAO
Medium: https://medium.com/@lista_dao