At the same time as Binance opened the 60th Launchpool, we saw Lista DAO @lista_dao launch a new product, $clisBNB;

The new gameplay allows users to participate in new listings to earn profits while also performing DeFi operations, which is unique.

1️⃣ What is $clisBNB?

clisBNB is an innovative financial instrument or token based on BNB launched by Lista DAO;

The clisBNB token is the “voucher” token that users receive after depositing BNB into a collateralized debt position (CDP) on the Lista DAO platform;

Whenever a user deposits BNB into Lista DAO’s collateralized debt position (CDP), corresponding clisBNB is generated at a 1:1 ratio.

The main function of clisBNB is to allow users to borrow lisUSD on ListaDAO with BNB as collateral, while still being able to use clisBNB to participate in the Binance Launch Pool; this is to represent the value of the deposited BNB and ensure the traceability and composability of users' BNB assets in DeFi activities.

2️⃣How to get $clisBNB?

You need to stake $BNB in ​​CDP to get $clisBNB

Link: https://lista.org/cdp/dashboard

$clisBNB can borrow lisUSD to obtain liquidity and obtain the income of Binance Launchpool at the same time;

Of course, if you want, after borrowing lisUSD, you can go to venus to borrow lisBNB and buy new shares; increase leverage;

3️⃣clisBNB Advantages

1) Double Benefits -

By pledging BNB to CDP, users can mint clisBNB and participate in Binance's Launchpool and DeFi lending activities.

This means that users can both participate in the launch of new tokens to earn rewards, and borrow lisUSD or other assets on DeFi platforms without having to sell their BNB.

2) Asset liquidity and flexibility -

clisBNB provides a new way for asset liquidity. Users can borrow lisUSD for investment or other DeFi operations without closing their positions in Lista DAO, maintaining the value and growth potential of assets.

3) Security and Control -

clisBNB is non-transferable, meaning it cannot be transferred between users, ensuring deposits are secure and directly pegged to the user’s BNB.

At the same time, the automatic destruction mechanism ensures that clisBNB always matches the actual deposited BNB amount, preventing value mismatch.

4) Unique casting function -

Users can choose to mint clisBNB to another address, providing some operational flexibility, although this feature has certain limitations, such as only being able to specify an address once and clisBNB will be destroyed when withdrawing BNB.

5) Further integration of DeFi ecosystem -

The introduction of clisBNB improves the composability of BNB in ​​the DeFi ecosystem, enabling it to seamlessly integrate with other DeFi protocols, expanding the use scenarios of assets and enhancing capital efficiency.

4️⃣ Summary

Previously, BNB’s application scenarios and new issuance were basically all on Cex, which resulted in the BNB ecosystem not being very strong. The introduction of clisBNB, as the first to support new issuance on the BNB chain, is to create more possibilities for the BNB ecosystem;

Through clisBNB, Lista DAO not only provides users with new ways to manage assets and earn income, but also unlocks new opportunities for BNB locked on ListaDAO by improving composability, enabling it to seamlessly interact with other DeFi protocols, and improving capital efficiency, allowing users to use their staked BNB more effectively.

So for me, clisBNB is a good tool, and I am willing to consider using it to release the liquidity of assets and find other opportunities;

ps: If your BNB is staked somewhere else and you are planning to use clisBNB to release some liquidity, please remember to redeem it in advance and prepare for ListaDAO staking and new issuance.