More than 45,000 users participated in half a day, detailed explanation of Binance Megadrop new project Lista DAO (with

Original | Odaily Planet Daily

Author | Asher

On May 23, Binance announced that the second phase of the token issuance platform Megadrop is Lista (LISTA). Users can obtain airdrop rewards by purchasing BNB regular products on the Binance Megadrop platform or completing BounceBit Quest through the Binance Web3 wallet. 10% of the total tokens will be used for this event . Just last night, the Binance Web3 wallet event entrance was opened, and more than 45,000 users have participated so far, which shows its popularity.

So, why Lista DAO can be listed on the Binance Megadrop platform, and how new users (only 0.01 BNB is needed to participate) should participate in this guaranteed profit. Odaily Planet Daily will introduce them to you one by one based on official information.

Lista DAO: Liquidity staking and decentralized stablecoin lending protocol

Image source: Official Twitter

Introduction

Lista DAO is a liquidity pledge and decentralized stablecoin lending protocol. Users can pledge and liquidity pledge on Lista, as well as borrow lisUSD using a range of decentralized collateral. As of today, the official website shows that the TVL on the Lista DAO platform totals as high as $474 million, an increase of more than 30% in a month, ranking fourth in the BSC chain ecosystem application. Among them, the collateral value exceeds $300 million, and the liquidity pledged assets are worth about $168 million.

ListaDAO Platform TVL

On the Lista DAO platform, users can borrow the stablecoin lisUSD in an over-collateralized manner by pledging ETH, BNB native assets, or LSD assets such as slisBNB. It is worth noting that the annualized yield of the stablecoin lisUSD pledge is as high as 22.59%.

Stablecoin lisUSD pledge annualized yield 22.59%

Financing

ListaDAO, formerly known as Helio Protocol, was created in 2022 and is the issuer of the over-collateralized stablecoin HAY. It aims to be the Maker DAO protocol on the BNB chain.

On August 11, 2023, Binance Labs announced a $10 million investment in Helio Protocol to help it continue its transformation into a liquidity staking platform while helping it expand to other networks.

ListaDAO financing

Token Economic Model

According to a research report released by Binance Research, Lista DAOs native token LISTA is a BEP-20 token with a total supply of 1,000,000,000 . The specific distribution is as follows:

• Binance Megadrop: 100,000,000 聽聽 LISTA , 10% of the total supply ;

• Airdrop: 100,000,000 LISTA, 10% of the total supply ;

• Investors and Advisors: 190,000,000 LISTA, 19% of the total supply ;

• Team: 35,000,000 LISTA, 3.5% of the total supply ;

• Community: 400,000,000 LISTA, 40% of the total supply ;

• DAO Treasury: 80,000,000 LISTA, 8% of total supply ;

• Ecosystem: 95,000,000 LISTA, 9.5% of the total supply .

LISTA Token Economics

LISTA Token Release Schedule

LISTA Token Utility

LISTA is the governance token of Lista DAO and is used for the following functions:

• Governance: LISTA token holders can vote on governance decisions of the protocol;

• Protocol incentives: When users borrow lisUSD with collateral or conduct liquidity mining in the lisUSD and slisBNB pools, they can receive LISTA tokens as rewards;

• Voting: Users can lock their LISTA tokens into veLISTA and vote for the collateral they want to use to mint lisUSD and the liquidity pools they want to receive higher LISTA token emissions;

• Fee Sharing: Users who lock LISTA for veLISTA will also be eligible for fee sharing.

Lista DAO Project Web3 Task Operation Demonstration

Binance Megadrop Phase 2 Project: Lista DAO

Note: According to user feedback from BounceBit, the first project of Binance Megadrop, there is a problem that the task cannot be verified after completion (the pop-up window prompt is as shown below). The reason is that the Binance Web 3 wallet is not newly created, but imported from outside. Therefore, to participate in Binance Megadrop, you must create a new wallet in the Binance Web 3 wallet to participate.

It is relatively easy to participate in Lista DAO this time. The specific process is as follows (Binance Web 3 wallet has been created and deposited with BNB by default):

STEP 1. Go to the Binance homepage and enter Megadrop

STEP 2. Select Lista, scroll down, click Do Task and select Start Now

STEP 3. Connect your wallet and select Binance Web 3 Wallet, then click Stake

STEP 4. Enter 0.01 BNB and click Stake (0.01 BNB is enough), and it will prompt that the deposit is successful

STEP 5. Return to the Megadrop event homepage to verify the task

This article is sourced from the internet: More than 45,000 users participated in half a day, detailed explanation of Binance Megadrop new project Lista DAO (with operation tutorial)

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