Lista DAO (Everything you need to know)

Fluid retention and, by extension – fluid retention – are some of the most exciting and fastest-growing narratives of the past year.

ListaDAO is introducing an open-source liquidity protocol designed to generate returns on assets such as BNB, ETH, certain stablecoins, and other assets, and enables lending of the protocol's decentralized stablecoin, lisUSD.

The team coined the term “detablecoin” to describe the decentralized nature of lisUSD.

With that in mind, let's dive deeper into the list and its ins and outs.

What is Lista DAO?

Lista Dao (Decentralized Autonomous Organization) brings a liquidity protocol for yielding across multiple cryptocurrencies as mentioned above.

It is built on a two-token model and its two native cryptocurrencies are lisUSD (detablecoin) and LISTA. It also has mechanisms designed to support features such as instant conversions, borrowing, product farming, asset staking and more.

The team behind Lista consists of experienced smart contract developers, according to the main website, lisUSD aims to position lisUSD as one of the most widely used decentralized stablecoins using Stake-of-Stake and yield assets.

About LisUSD, Destablecoin

Destablecoin is a term used to describe a relatively new asset class in the industry. The “de” prefix means “decentralized”.

These destabilcoins use decentralized crypto assets held as collateral by a liquid-staking protocol and do not aim to achieve absolute price stability with fiat currencies such as the dollar.

In that sense, they are not completely volatile but certainly have more volatility than a perfectly stable coin.

It is also true that all the different types of stablecoins out there are different.

They are completely decentralized. lisUSD, for example, uses decentralized assets as collateral, unlike DAI, which uses USDC for example. Destablecoins also use assets stored on liquid storage platforms. As mentioned above, destabilcoins do not aim to achieve perfect price parity with USD or other fiat-based currencies.

Lista DAO and its features

Lista DAO is designed to provide users with the following capabilities:

Participate in the management of the protocol through LISTA tokens Claim rewards for borrowing lisUSD in LISTA Farm lisUSD

The purpose behind the protocol is to provide a solution to a problem that has been faced by some users for a long time – too many stablecoins for users trying to use their funds in a Collateral Depository (CDP).

Lista uses a combination of features such as Macredao model functionality, liquidity staking, as well as decentralized liquidity from Liquidity Providers (LPs) to avoid issues such as tied funds.

Lista DAO Tokenomics

As mentioned above, there is a dual-token model where LisUSD is the protocol's active destabilizing coin, while the LISTA token is a native cryptocurrency.

The purpose of LISTA is to:

… Provide a convenient and secure payment method between participants in the ecosystem on Lista Dao without an intermediary such as a centralized third-party entity/institution/creditor.

It is a BEP-20 and ERC-20 compliant token. It will also be used to promote decentralization, where owners can propose and vote on upcoming improvements, features, and parameters of the protocol.

The total supply will be 1,000,000,000. The token distribution looks like this.

Tokens will be allocated according to the following schedule:

How to participate in the Binance Megadrop

Lista Binance will be the second project on the so-called Binance Megadrop platform.

10% of LISTA's supply will be allocated and reserved for users participating in the campaign.

The program aims to give users very early access to some Web3 projects before they are listed on major exchanges.

In the following, you can find a step-by-step guide on how to participate.

First, you need a Binance account.

You can register one using this link and get a $600 welcome bonus as a special deal for CryptoPotato readers!

Once you do this, you need to go to the Megadrop section and lock your BNB to get results. This is also where you can register your BNB and lock it for a certain period of time. This will earn you points.

The longer the subscription period, the higher the multiplier.

The next thing you need to do is the web 3 missions. You need a Binance Web3 wallet. You can create your own from the Binance mobile app. Just go to your wallet tab below and tap on the Web3 button at the top as shown below.

From here, simply follow the instructions, which will guide you to produce your Web3 wallet. Once you're ready, go back to the Megadrop section and simply hit the Start Quest at the bottom and you should be able to add some to the list.

The total points you receive will always be a combination of your locked BNB points, your mission multiplier and the Web3 mission bonus. Here's the formula:

Total Points = (Locked BNB Points * Web3 Mission Multiplier) + Web3 Mission Bonus.

If you choose not to do quests and simply deposit BNB, you will get a multiplier of 1.

This post is powered by Lista DAO.