Dear my fellows Binancians!
Binance Megadrop is coming, this time is for Lista DAO. In this Article we will discuss several things you need to know about $Lista.
Binance Megadrop
Binance Megadrop is a new way to get yield from your $BNB. The mechanism is quite simple:
- Lock BNB & farm points (longer lock duration equals more points)
- Finish the tasks to get points boost.
Users can start participation in the Lista Megadrop on May 30 at 12:00 am UTC. 10% of max. token supply will be distributed to users who participate on the event.
Only MPC wallets that are created in Binance Web3 Wallet may participate in Megadrop events.
Lista DAO
Lista is a collateralized decentralized stablecoin protocol on BNB Chain, backed by Binance Labs. The concept is the same as MakerDAO which issues $MKR and $DAI. Lista launch dual token mechanism.
$LISTA (Token Governance)
$lisUSD (Stablecoin)
$lisUSD is issued via vault/lending & borrowing protocol on Lista with other crypto asset as collateral.
Binance will list Lista (LISTA) on June 20 at 10:00 am (UTC). The trading will open with the following trading pairs:
LISTA/BTC
LISTA/USDT
LISTA/BNB
LISTA/FDUSD
LISTA/TRY
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)
$LISTA Usecase
LISTA is a BEP-20 and ERC-20 compatible token. Its core functions within Lista DAO are:
Allow holders to propose and vote on governance proposals to determine future features, upgrades and/or parameters of Lista DAO (e.g. allocation of revenue pool for ecosystem development and growth, adding of new vaults, protocol parameters and fee levels), or provide feedback.
$lisUSD Usecase
lisUSD is generated, backed, and kept stable through collateral assets that are deposited into CeVault functioning as the Lista collateral vault. As a collateralized decentralized stablecoin, you can utilize $lisUSD on many defi protocols.
Farming on Magpie consists of two major steps:
Depositing lisUSD in exchange for lisUSD-LP tokens.
Staking lisUSD-LP tokens.
Farming on Thena consists of two major steps:
Depositing lisUSD and your desired pair token in exchange for sAMM-lisUSD pair tokens.
Staking sAMM-lisUSD pair tokens.
Farming on Wombat consists of two major steps:
Depositing lisUSD in exchange for lisUSD -LP tokens.
Staking lisUSD-LP tokens.