Recentemente, este projeto se tornou popular em toda a Internet. Vamos analisar juntos a economia simbólica deste projeto. Lista DAO é o segundo projeto lançado pela Binance no Megadrop depois do BounceBit. Então, o que é Lista DAO? O que há de especial neste projeto? Vale a pena investir no Token LISTA?
1. O que é Lista DAO?
Lista DAO é um projeto de Derivativos Collateralizados de Liquidez (LSD) que opera dentro do ecossistema da Cadeia BNB. Ele se concentra em aumentar a liquidez dos ativos dos usuários. A Lista DAO oferece dois produtos principais: Posição de Dívida Garantida (CDP) e Garantia de Liquidez. Ambos visam otimizar o uso de ativos detidos pelos usuários em aplicações DeFi sem exigir que eles vendam esses ativos.
Enhancing liquidity means that users can leverage their owned assets to participate in DeFi activities rather than selling them to free up funds. Lista DAO aims to be the most widely used protocol leveraging proof-of-stake (PoS) models and rewarding assets. Lista DAO was originally named Helio Protocol, established in 2022, aiming to be MakerDAO on the BNB Chain. In July 2023, Helio merged with Synclub to establish the LSDFi Foundation and was subsequently renamed Lista DAO. The name 'Lista' is derived from the combination of 'LIquid STAking'.
II. What are the main products of Lista?
Liquid Staking
Lista DAO allows users to stake BNB tokens and earn an annual interest rate of 1% to 3% in the form of slisBNB tokens. The functionality of this Liquid Staking token is similar to Rocket Pool's rETH. As the value of slisBNB appreciates with the accumulation of staking rewards on the BNB Chain, it is unaffected by price fluctuations of BNB. How it works:
Users stake BNB on the Lista DAO platform.
Lista DAO entrusts this BNB to validators operating the PoS network of BNB Chain.
Validators earn BNB rewards for maintaining the network.
Lista DAO Allocation Rewards: 95% to users staking BNB, 5% to the treasury of Lista DAO.
Users receive slisBNB, representing their staking status and rewards.
Stablecoin lisUSD
LisUSD is the stablecoin issued by Lista DAO. Users can mint lisUSD by collateralizing assets into the protocol. When the debt is repaid or the collateral position is liquidated, lisUSD will be burned. Assets eligible for collateralizing to mint lisUSD include:
Classic Collaterals: ETH, BNB, wBETH, slisBNB, and BTCB.
Innovation Area: weETH, ezETH, and STONE.
III. What Highlights Does Lista DAO Have?
Currently, many stablecoin protocols rely entirely on one of two models - either fully collateralized or purely algorithmic. Collateralized stablecoins carry custody risks and require over-collateralization, while algorithmic designs often lack stability. Decentralized lending protocols also face issues with capital efficiency. Lista DAO addresses this issue by allowing users to optimize capital through CDPs (Collateralized Debt Positions) and leverage capital via Liquid Staking. This combination, along with the MakerDAO model and liquidity from LPs on DEXs, helps Lista avoid the pitfalls of fiat-backed and algorithmic stablecoins.
Team
The Lista DAO project is led by two founders:
Toru - Co-founder and CEO of Lista DAO.
Terry - Co-founder and COO of Lista DAO. Previously, he worked for Binance Labs for 3.5 years and served as project lead.
Investors
On August 11, 2023, Binance Labs announced a $10 million investment in Lista DAO. The project also received incubation support from Binance Labs.
IV. What is the LISTA token?
After understanding what Lista DAO is, let's take a closer look at the project's token - LISTA.
LISTA Token Information
Project Name: Lista DAO
Token Symbol: LISTA
Blockchain: Ethereum, BNB Chain.
Token Standards: BEP-20 and ERC-20.
Contract Address: 0xFceB31A79F71AC9CBDCF853519c1b12D379EdC46 (BNB)
Total Supply: 1,000,000,000 LISTA
LISTA Token Allocation
Binance Super Airdrop: 10%
Airdrop: 10%
Investors and Advisors: 19%
Team: 3.5%
Community: 40%
DAO Treasury: 8%
Ecosystem: 9.5%
The token allocation of Lista places great emphasis on the community, with approximately 60% of the total supply allocated to the community (Megadrop, Airdrop, Community). 19% is allocated to investors and advisors, with the majority held by Binance Labs. This may give Binance Labs potential control over the token price in the future. The team only holds 3.5% of the total supply, which necessitates their continued motivation and long-term commitment to the project.
LISTA Token Release Schedule
The initial supply of LISTA is approximately 230 million tokens, accounting for 23% of the total supply, derived from airdrop (10%), Megadrop (10%), and ecosystem (3%). From early 2025 to 2028, most tokens will be unlocked from the community (40%), investors and advisors (19%), ecosystem (6.5%), and team (3.5%).
Use Cases of LISTA Tokens
Governance: LISTA token holders can propose and vote on governance proposals to determine the future functions, upgrades, and parameters of Lista DAO.
Operational Management: LISTA holders have the right to participate in the operational management and running of the Lista DAO.
Stablecoin: lisUSD as the stablecoin and trading medium on the platform, for example in lending and minting operations.
Question:
Build a secure, robust, and highly usable protocol with stable liquidity for lisUSD on the BNB Chain.
Establish and strengthen partnerships and integrations with other DeFi protocols on BNB Chain.
Integrate ETH LST and corresponding LP tokens as collateral options for lisUSD, providing users with more collateral choices.
Upgrade smart contracts to enhance scalability.
Exploring multi-chain strategies, starting with Ethereum.
Convert the codebase from MakerDAO to Liquity.
Question:
Re-staking BNB and introducing corresponding Liquid Re-staking Tokens (LRT) into the Lista DAO ecosystem.
V. Similar Projects
In the LSD space, notable projects include Renzo and projects on Megadrop, such as BounceBit (BB).
VI. Potential Assessment
Lista DAO is the latest participant in Binance Megadrop. Lista is positioned in the LSDfi space and is preparing to launch a Restaking model, sharing many similarities with projects listed on Binance such as Renzo, AltLayer, or Ether.fi. Binance has highlighted significant opportunities for similar projects on other blockchains (especially the Solana ecosystem) by listing Restaking projects outside the Ethereum ecosystem. In the post-ETH ETF space, the trend of re-staking is rising, and capital may flow from Ethereum to BNB Chain to seek additional yield. Lista DAO plans to deploy the BNB re-staking model in Q3 2024, coinciding with the first trade of EigenLayer's $EG token. This could signal a prosperous period for the re-staking industry.