WHAT IS LISTADAO?
ListaDAO operates as an open source liquidity protocol to profit from collateralized crypto assets (BNB, ETH, Stablecoins and other cryptocurrencies) and borrow decentralized stablecoin – lisUSD, also known as called "Destablecoin".
ListaDAO uses and extends the proven MakerDAO model for a decentralized, collateral-backed destablecoin.
On July 4, 2023, Helio Protocol announced a strategic merger with Synclub, a staking and liquid staking infrastructure provider on BNB Chain. At that time, both will launch the rebranded LSDfi platform to operate and manage both Helio and Synclub protocols. This will then create ListaDAO. The project also rebranded its tokens, with the stablecoin HAY being called lisUSD, SnBNB being called lisBNB, and finally, HELIO being called LISTA. That is why we have the Lista protocol as it is today.
The protocol includes a dual token model (lisUSD and LISTA) and a set of mechanisms supporting instant conversion, asset collateralization, borrowing, yield farming, etc. The project is native to the BNB Chain ecosystem and plans to expand to multiple chains in the near future.
WHAT IS DESTABLECOIN?
Destablecoins are a new asset class in the crypto space that seeks to label a more accurate term in the current stablecoin landscape. The “de-” prefix stands for decentralized — it does not represent price volatility in the way that BTC assets do. Destablecoins only use decentralized, liquid crypto assets as collateral and do not aim to achieve absolute price stability with fiat-based currencies like the USD. While destablecoins are not completely volatile assets, they will allow for some price volatility as conventional fiat currencies will experience different reference rates and interest rate differentials determined by the open market.
WHAT IS THE DIFFERENCE BETWEEN DESTABLECOIN AND STABLECOIN?
Destablecoins are different from the four common stablecoins currently on the market. There are four main types of stablecoins:
· Backed by fiat (BUSD)
· Backed by cryptocurrency (DAI)
· Algorithm (USDD)
· Cargo support (PAXG).
Like other crypto-backed stablecoins, the destablecoin will use an over-collateralized model backed by crypto assets like DAI. However, the key differences are:
· Destablecoins are fully decentralized. Crypto-backed stablecoins like DAI leverage centralized crypto assets like USDC, while stablecoins like lisUSD will use decentralized assets as collateral. Additionally, destablecoins will also leverage highly liquid collateral assets.
· Second, destablecoins aim to achieve broad stability without an absolute fiat currency peg. All currencies are different and have different reference rates, so price fluctuations should be considered a market-determined law rather than aiming for a sense of absolute price stability at all costs. Similarly, destablecoins do not aim for absolute price parity with $1 as the primary goal nor do they rely on fiat assets as collateral to be backed.
LISTADAO ALLOWS USERS TO:
· BNB collateral.
· Borrow lisUSD
· lisUSD Farm
· Loan repayment (lisUSD + interest (currently at 0%).
· Withdrawal of collateral
· Get rewards in Lista when borrowing lisUSD (coming soon)
· Participate in protocol governance, use LISTA token (coming soon)
INVESTORS
Project invested by Binance Labs
PARTNER
Lido DAO, Curve DAO, Uniswap, Frax Finance, PancakeSwap, Stake DAO, Binance Staked ETH, Pyth Network, Venus Protocol, StaderLabs, Biswap DEX, Galxe, THENA Finance, APX Finance, Wombat Exchange, Magpie XYZ, Cakepie, Kinza Finance, Clip Finance, Planet ReFi, Wombex Finance, Quoll Finance, Ether.Fi, Renzo, StakeStone, RedStone, Lynex.
MEGADROP LIST
EVENT TIME
- Starting at 07:00 (VN), 30/05/2024.
- Reward: 13:00 (VN), 20/06/2024.
- LISTA will be listed at 17:00 (VN), 20/06/2024.
MEGADROP LIST DETAILS
- Ten token: List (LIST)
- Maximum supply: 1,000,000,000 LISTA
- Megadrop Reward: 100,000,000 LISTA (10% of max supply)
- Initial Circulating Supply: 230,000,000 LISTA (23% of maximum supply)
- Participation conditions: KYC account
- Reward limit per user: 800,000 LISTA
- How to calculate rewards: Total points = (Locked BNB points * Web3 task coefficient) + Web3 task reward
+ Locked BNB Points (based on hourly snapshots while locking BNB) = (Average locked BNB amount for 120 days *130) + (Average locked BNB amount for 90 days *120) + (Average locked BNB amount for 60 days *110) + (Average locked BNB amount for 30 days *100)
+ Web3 task factor: 1.5
+ Web3 mission reward: 1,000
⚡️ HOW TO JOIN
I/ BNB lock registration: from 07:00 (VN), 05/30/2024 to 06:59:59 (VN), 06/19/2024. Longer registration time brings higher points.
II/ Do Web3 task: “Deposit 0.01 BNB in ListaDAO DApp”
Step 1: Fund your wallet with BNB
1/ Log in to your Binance app and click on “Wallet”. Go to “Web3”.
2/ To deposit funds into your wallet, click “receive”. If you are transferring funds from your binance account, click “transfer to”.
3/ Select the Coin to transfer, in this case it will be BNB and select the BNB smart chain network (BEP-20) to transfer your coins through.
4/ Select the amount of BNB you want to transfer to your Binance Web3 wallet and click withdraw. Note: To be eligible for Lista DAO’s “The Drop” campaign, a minimum of 0.01 BNB is required to stake liquidity into slisBNB.
Step 2: Stake BNB into slisBNB on Lista DAO
1/ Once your wallet is funded with BNB, the next step is to convert your BNB into slisBNB on Lista DAO.
2/ Go to the “Discover” section.
3/ Search for “Lista DAO” in the search bar and click on Lista DAO.
4/ You will be redirected to the Lista DAO landing page in the app. Connect your Binance Web3 wallet and click “Stake”.
5/ Enter the amount of BNB you want to stake on Lista. Remember to leave some BNB as a fee.
6/ Confirm the transaction and notification will appear after your BNB is staked for liquidity on Lista DAO.
Step 3: Withdraw/Withdraw BNB on Lista DAO
1/ To cancel your BNB stake on Lista DAO, navigate to the Lista DAO page by following the instructions in step 2. (from instructions 1 to 4).
2/ Connect your Binance Web3 Wallet and click “Stake BNB”.
3/ Go to the unstake section by clicking “unstake” and enter the amount of BNB you want to withdraw/unstake and confirm the transaction. Please note: There will be a 7-15 day unstake period.
4/ Once the withdrawal transaction has been confirmed, you can track your withdrawal status in "Withdrawals" here.
Once the transaction is confirmed, you're done!
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Good luck!