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, the two will launch the rebranded LSDfi platform to operate and manage both Helio and Synclub protocols. Then, ListaDAO was born. The project also changed the name of its tokens, where stablecoin HAY will be called lisUSD, SnBNB will be called lisBNB and finally, HELIO will be called LISTA. That's why we have the Lista protocol as it is.
This protocol includes a dual token model (lisUSD and LISTA) and a set of mechanisms that support instant conversion, collateral, borrowing, yield farming... The project originates from the BNB Chain ecosystem and plans to expand to more chains in the near future.
WHAT IS DESTABLECOIN?
Destablecoin is a new asset class in the crypto space that seeks to label a more precise term within the current stablecoin landscape. The “de-” prefix stands for decentralization - it does not represent price fluctuations in the same way that BTC assets experience. Destablecoin only uses decentralized, liquid staked crypto assets as collateral and does not aim to achieve absolute price stability with fiat-based currencies such as USD. While destablecoins are not completely volatile assets, they will allow for some price fluctuations as conventional fiat currencies will encounter different reference rates and interest rate differentials that are determined by open market.
WHAT IS THE DIFFERENCE BETWEEN DESTABLECOIN AND STABLECOIN?
Destablecoin is different from the 4 common stablecoins currently on the market. There are four main types of stablecoins:
· Backed by fiat currency (BUSD)
· Powered by cryptocurrency (DAI)
· Algorithm (USDD)
· Cargo support (PAXG).
Like other crypto-backed stablecoins, destablecoin will use an overcollateralized model backed by crypto assets such as DAI. However, the main difference is:
· Destablecoin is fully decentralized. Crypto-backed stablecoins like DAI leverage centralized crypto assets like USDC, while stablecoins like lisUSD will use decentralized assets as collateral. Additionally, destablecoin will also leverage highly liquid staked assets.
· Second, destablecoins aim to achieve widespread stability without the need for an absolutely fixed fiat currency. All currencies are different and have different reference rates, so price fluctuations should be considered a market-determined rule rather than aiming for a sense of absolute price stability by any price. Likewise with destablecoin, it does not aim to achieve absolute price parity with 1 US dollar as its primary goal nor does it rely on fiat assets as backed collateral.
LISTADAO ALLOWS USERS:
· BNB mortgage.
· Vay lisUSD
· lisUSD farm
· Loan repayment (lisUSD + interest (currently at 0%).
· Withdraw collateral
· Get rewards in Lista when borrowing lisUSD (coming soon)
· Participate in protocol governance, using LISTA tokens (coming soon)
INVESTORS
The project is 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), May 30, 2024.
- Reward payment: 13:00 (VN), June 20, 2024.
- LISTA will be listed at 17:00 (VN), June 20, 2024.
DETAILS LIST MEGADROP
- Have token: List (LIST)
- Maximum supply: 1,000,000,000 LISTA
- Megadrop reward: 100,000,000 LISTA (10% of maximum supply)
- Initial circulating supply: 230,000,000 LISTA (23% of maximum supply)
- Participation conditions: Account has KYC
- Reward limit per user: 800,000 LISTA
- Reward calculation: Total points = (Locked BNB points * Web3 task coefficient) + Web3 task reward
+ BNB Locked Points (based on hourly snapshot while locking BNB) = (Average BNB Locked for 120 Days 130) + (Average BNB Locked for 90 Days 120) + (Amount of BNB Locked for 90 Days 120) Average BNB locked for 60 days 110) + (Average BNB locked for 30 days 100)
+ Web3 task coefficient: 1.5
+ Web3 mission reward: 1,000
⚡️ HOW TO PARTICIPATE
I/ Register for BNB course: from 07:00 (VN), May 30, 2024 to 06:59:59 (VN), June 19, 2024. Longer registration periods yield higher scores.
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 the “Wallet” section. Go to “Web3”.
2/ To deposit money into your wallet, click “receive”. If you are transferring money 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 funds through.
4/ Select the amount of BNB you want to transfer to your Binance Web3 wallet and click withdraw. Note: To be eligible to participate in Lista DAO “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 has been funded with BNB, the next step is to convert your BNB coins to slisBNB on Lista DAO.
2/ Go to the “Explore” section.
3/ Search “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/ Transaction confirmation and notification will appear after your BNB is staked for liquidity on Lista DAO.
Step 3: Withdraw/withdraw BNB on Lista DAO
1/ To unstake BNB 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 staking cancellation period.
4/ Once the withdrawal has been confirmed, you can track your withdrawal status in "Withdrawals" here.
Once the transaction has been confirmed, you're done!
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Good luck!