THENA x ListaDAO: สองยักษ์ใหญ่ BNBChain วิสัยทัศน์เดียว

Former Binance CEO CZ once quoted THENA in a tweet and wrote: Not sure what this post actually means, but DeFi on BNB Chain is rising. To this day, this sentiment and expectation still applies as many DeFi protocols continue to emerge on BNB Chain. Two of the notable protocols are THENA and Lista DAO.

X tweet source: https://x.com/cz_binance/status/1626140606983507968

Lista DAO: A secure, simple, permissionless solution for liquidity staking and stablecoins

Lista DAO, formerly known as Helio Protocol, was created in 2022 and issued the overcollateralized stablecoin HAY. In July 2023, Helio merged with the liquidity staking provider Synclub to form the new LSDFi Foundation and changed its name to Lista DAO. LISTA is a combination of Liquid + Staking.

There are two main ways for users to participate in ListaDAO. One way is to stake BNB to earn Proof of Stake (PoS) income on BNB Chain. In return, users receive a liquidity staking certificate slisBNB, which can be used for DeFi activities such as lending and providing liquidity to earn extra income. Another way to participate is to borrow the stablecoin lisUSD in an over-collateralized manner by staking ETH, BNB, or LSD assets like slisBNB.

As of July 3, 2024, Lista DAOs total locked value (TVL) has exceeded $330 million. Binance Labs invested $10 million in Lista DAO, and Lista DAO became the second Binance Megadrop project .

THENA: A community-driven decentralized exchange that makes DeFi accessible

THENA was launched in January 2023 and is a spot decentralized exchange that aims to incentivize liquidity on the BNB Chain in a capital-efficient manner. At the same time, since its inception, THENA has decided to return 100% of its revenue to token holders. As of now, THENA has distributed more than $20 million in revenue to veTHE and theNFT holders. THENA is committed to becoming a full-scale DeFi platform. In addition to spot DEX products, it also launched Alpha ALPHA, a leading perpetual contract derivatives trading platform, to meet the diverse needs of on-chain traders.

Recently, THENA is about to launch a new product, the social trading platform ARENA, which aims to bring cryptocurrency into the mainstream. In addition, THENA will also launch the THE Card physical debit card, THE Wallet smart wallet and fiat currency withdrawal payment solution. The THENA team has consistently refined its products and is committed to becoming the preferred platform for new Web2 users to enter the cryptocurrency field. Making DeFi truly accessible is THENAs unchanging vision.

THENA, as A protocol for protocols, is a DeFi protocol built on top of many top DeFi protocols and can achieve win-win results with partners. The WARP Launchpad Accelerator, which will be launched this year, will further strengthen THENAs strong partnership network. WARP aims to accelerate the development of early innovative projects in the BNB Chain ecosystem and serve mature projects.

Achieving a democratic and fair competitive environment – what DeFi should be about

One of the original intentions of DeFi was to democratize the financial system, that is, to create a more compatible and fair competitive environment for everyone. This vision was reiterated in the Binance Research report Low Float High FDV: How Did We Get Here?. The report pointed out that the influx of private market capital, aggressive valuations, and optimistic market sentiment led to the launch of tokens at high fully diluted valuations, leaving very limited room for retail investors to rise after TGE.

The birth and active status of THENA and Lista DAO demonstrate a collaborative vision for building DeFi, recognizing that fair and equitable distribution is critical to the spirit of DeFi and the long-term sustainability of its protocols. Both THENA and Lista DAO protocols reserve a large portion of their token supply for the community and ecosystem, with almost no allocation to private equity or KOLs.

THENA and Lista DAO also actively incentivize users to contribute organically to the protocol. Users can participate in Lista DAOs CAC Challenge to qualify for airdrops, and Lista DAO allocated 6.1% of the token supply in the first two seasons of the challenge. THENA has continuously rewarded active community members with $THE tokens since its inception through the continuous hosting of Zealy Mission activities. THENA has returned 100% of its revenue of more than $20 million to the community and is not currently backed by any VC, which further verifies its commitment to building a fair, community-centric ecosystem.

BUILD and Build, continuous innovation and continuous improvement

Lista DAO and THENA are both important and continuous builders in the BNB Chain ecosystem.

THENA was originally established to address the problem of inefficient liquidity incentives on the BNB Chain, and is committed to developing a capital-efficient decentralized exchange that optimizes liquidity allocation. After initial success, THENA now sets its sights on becoming a SuperApp in the DeFi space, providing a powerful decentralized platform comparable to large platforms like Binance. This long-term vision needs to cover all the key steps required to achieve mass adoption, from simplifying wallet use to connecting traditional finance and DeFi. After nearly 2 years of focused development and polishing, THENA is strategically ready to welcome a new wave of retail investors into the crypto world, while also effectively solving common difficulties and challenges in the process from 0 to 1.

Similarly, Lista DAO identified key inefficiencies in decentralized crypto lending models over the past decade, specifically the “stablecoin trilemma,” the trade-offs between decentralization, price stability, and capital efficiency. ListaDAO’s innovative approach mitigates these issues by allowing users to fully leverage their funds through collateralized debt positions (CDPs). Combining the principles of Liquid Staking and the MakerDAO model, along with enhanced liquidity from DEX liquidity providers, Lista DAO aims to circumvent common pitfalls such as asset freezes and losses due to price volatility.

There is no doubt that it is precisely because these two teams serve as role models and work tirelessly in the DeFi field that THENA and Lista DAO have been invited many times to share their stories and visions on BNB Chain and other wider communities.

Two BNB Chain giants, one common goal

Given the synergistic vision between these two DeFi giants, THENA and ListaDAO have been friendly partners from the beginning. In January 2023, Helio joined THENA to form a partnership with it, and we have achieved many great results together since then.

Let’s take a look back at the original partnership announcement!

https://x.com/ThenaFi_/status/1609901617838723080

THENAs ListaDAO Zone: How to profit from these liquidity pools?

THENA’s “ListaDAO Earning Zone”: To deepen their mutual cooperation, THENA has launched a series of liquidity pools on the platform: USDT/LISTA, lisUSD/BNB, lisUSD/frxETH, lisUSD/USDT, lisUSD/FRAX and slisBNB/BNB.

THENA users can profit from these pools in a variety of ways: providing liquidity, voting, speculating on token price appreciation, and participating in the CAC Season 3 airdrop.

Providing liquidity to these pools allows users to earn $THE token yields, with annualized percentage returns (APR) of up to 200%, such as the USDT/LISTA pool.

In addition, users who lock $THE into veTHE can receive weekly voting rewards through transaction fees and voting incentives generated by the USDT/LISTA pool. By locking $THE into veTHE, you can also vote in various THENA pools every week according to your preferences and receive continuous passive income. For more information on staking and voting, please refer to the THENA Gitbook .

All LISTA liquidity pool providers are also eligible to participate in the CAC Season 3 airdrop and will receive additional $LISTA token rewards for providing liquidity.

To learn more about ListaDAO’s CAC Season 3 airdrop, see ListaDAO’s Medium article .

With the exception of the lisUSD/FRAX stablecoin pool, all other pools use THENA’s centralized liquidity solution, FUSION. This innovative approach allows liquidity providers to strategically pool funds during active trading intervals, enhancing capital efficiency, deepening token liquidity for ListaDAO, and creating higher fee income for THENA’s veTHE holders.

BNB Chain’s DeFi is on the rise

If liquidity is the lifeblood of a blockchain, then protocols are its flesh, blood, and trunk. ListaDAO allows users to earn staking returns and borrow stablecoins, while THENA, as the native liquidity layer on BNB Chain, provides users with a range of innovative products that meet a variety of decentralized needs.

The services provided by these protocols make BNB Chain a more flexible and attractive platform, attracting more DeFi users, thereby increasing user adoption and participation. Therefore, these two protocols have introduced a large amount of liquidity to BNB Chain, further improving its ecological DeFi ecosystem and showing great potential.

DeFi on BNB Chain is being discovered by more people, becoming a tool to promote utility-based protocols and maintain the financial inclusion that DeFi pursues.

We look forward to continuing our long-term and fruitful cooperation in the future, and look forward to our mutual growth through continuous innovation and construction. Never Stop BUILDING Together!

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