Why can Lista DAO launch the veLISTA model to promote the further development of stablecoins?
⚡️I have been paying close attention to JD.com’s stablecoin proposal these days and think it may impact BUSD and become the third largest stablecoin.
I was wondering if Binance would make any move, and then I saw@ListaDAO The launch of the $veLISTA community governance model is another major move after LISTA was listed on Binance.
What does this have to do with Binance? Let’s take a look at the background:
1. LISTA is one of the three stablecoin protocols deployed by BNB Chain
In my previous analysis article: "Analysis based on why I am optimistic about stablecoins: As the leader of stablecoins and pledge protocols on BSC, after receiving the $LISTA airdrop: Should I sell it and when should I sell it?"
https://link.medium.com/QmeN09LZvLb
In the article, we mentioned that BNB Chain has been developing stablecoin projects, such as:
🔸GrizzlyFi $GNHY, started with a stablecoin mining machine gun pool, and later plans to build a stablecoin exchange and issuance center based on this;
🔸Pancake IFO project Wombat, preparing to be a cruve on BSC;
🔸ListaDAO, combining Maker Dao’s over-collateralization and algorithmic stablecoin’s Rebase mechanism, is preparing to create a new stablecoin.
The veLISTA model launched by ListaDAO now introduces the Curve Finance model and locks LISTA tokens into veLISTA mode, which has been very successful.
If the stablecoin on BSC is successful this time, then BNB Chain will gradually establish its own central bank like Ethereum. By then, BSC will be able to compete with Solana, and traffic and transactions will come naturally. There is no need to worry about whether JD’s stablecoin can be successfully launched.
2. How does veLISTA work? (This is an additional benefit for Holders)
Lista DAO launched the veLISTA and veToken governance model. To put it simply, users stake Lista DAO's governance token $Lista to mint veLISTA.
🔸Lock-up period, from 1 week to 52 weeks. The longer the lock-up period, the more $veLISTA you get
🔹Locked for 52 weeks = 52 veLISTA
🔹20 weeks lock = 20 veLISTA
🔹Lock 1 week = 1 veLISTA
🔗 https://lista.org/lock
After this news was released, the price of $Lista began to rise, and the number of on-chain staking users also showed an upward trend.
3. It is common to get rewards by staking, but does it have any far-reaching impact?
Many people see the above and think that this is just an activity launched by the project party to attract people to pledge tokens. It is normal to think so. After all, small investors do not need such high faith.
But if we want to upgrade from "novice" to "intermediate white" in Web3, and from "in debt" to "on the land", we still have to figure out the essence of the matter, because when a project becomes popular, there will be many imitations. Whether you will be harvested by the imitations depends on your level in the circle. If you are not so experienced, the probability of being harvested is much greater.
Lista DAO launched the veToken governance model, which is to gradually transfer the governance of the project to veLISTA holders, who will actively participate in the governance of the protocol, including making proposals and voting.
Here, obtaining a share of the locked-up profits is just an additional item. Voting governance is the highlight and the most easily overlooked area.
In Lista's voting governance, the income of designated staking pools or liquidity pools can be increased, and users can also use their abilities to contribute to the ecosystem. If you hold tokens in a pool, you are a stakeholder.
If you have just joined, you may not feel it before the Lista platform grows. When TVL is getting bigger and bigger, the platform becomes a traffic pool. Various projects will come to discuss cooperation. Which platform the community will cooperate with, how to cooperate, and how to distribute rewards are all decided by voting. Your vote is sometimes crucial.
As the pool of the Lista platform grows larger, the suggestions will become more and more abundant, allowing more users to stake $Lista and convert it into $veLISTA, which is the core advantage of veToken.
Once this advantage is highlighted, the $veLISTA in your hands will also be valuable and can be used on cooperative platforms to generate more revenue.
This is the outer loop.
4. veLISTA Internal Return
If there is an external loop, there will naturally be an internal loop. If the benefits of the external loop are uncontrollable, then the internal loop can be guaranteed by the official. There are two benefits of locking $Lista that are sent to users:
🔹The project will distribute more than 50% of ListaDAO’s revenue to $veLISTA holders;
🔹250K LISTA will be issued to $veLISTA holders every week; future emissions will be decided by DAO voting.
🩸veLISTA's emissions are 250K, but the total amount given to the entire community is 312.5K.
Where does ListaDAO’s revenue come from?
ListaDAO’s revenue is not extracted from the treasury, which is “taking money from one pocket to pay another”. ListaDAO’s revenue mainly comes from:
🔹$veLISTA Early Collection Fee
🔹$lisUSD lending fee (the lending situation is as shown below)
🔹$ETH/BNB Early Withdrawal Fee
🔹LST rewards and operating commissions
5. veLISTA Extra Rewards
As mentioned above, LISTA will attract many projects to join, and users holding $veLISTA will receive additional rewards from the “external cycle”.
The first official cooperation project is @Listapiexyz_io, and $veLISTA holders will receive additional rewards.
✅ At this point, we have basically understood the veLISTA and veToken governance models launched by Lista DAO. When we encounter similar projects in the future, we will also know the logic behind them.
Lista DAO is the third stablecoin project on BNB Chain. It gained a lot of popularity as soon as it came out, and most users who participated in the airdrop in the first half of the year made money.
8.5% of the tokens allocated for the Lista DAO airdrop (10% of the total supply) have been unlocked at launch, and the remaining 1.5% will be unlocked at the end of September. Pay attention to the recent developments of the project.
🩸By the way, a reminder: the team and vc unlocking time is June 2025, so retail investors will not be harvested.
