What is Lista DAO (LISTA)? The 2nd project on Binance Megadrop
Binance Megadrop allows locking BNB and performing Web3 Quest to receive Lista DAO airdrop. What is Lista DAO?
Lista DAO is a Liquid Staking Derivatives project on the BNB ecosystem. Lista focuses on two main products, including collateralized debt positions (CDP) and liquid staking. Both products focus on increasing the liquidity of assets held by users.
Increased liquidity refers to users who own a certain type of token being able to increase their use cases in DeFi applications, instead of having to sell this asset to have capital to experiment.
Lista DAO was renamed from Helio Protocol and was established in 2022 with the goal of becoming the 2nd Maker DAO on the BNB chain. In July 2023, Helio merged with Synclub and launched LSDFi Foundation - the origin of Lista DAO. The name Lista was also formed from LIquid STAking.
Lista DAO products include:
Collateralized debt positions (CDPs) to mint stablecoins from collateral.
Liquid staking allows users to stake assets and receive rewards.
Stablecoin lisUSD is backed by collateral.
Duo token model with stablecoin lisUSD and governance token LISTA.
