Lista: Leading mobile pledge and decentralized stablecoin

1. Project introduction

Lista DAO is a liquidity pledge and decentralized stabilization currency (LSDFI) project based on the BNB chain. It aims to provide income for mortgage crypto assets (such as BNB, ETH, stablecoin, etc.), and supports decentralized stable currency Lisusd(Also known as decentralized stablecoin).

The predecessor was the Helio Protocol. In August 2023, Binance Labs invested $ 10 million in Helio Protocol. Then the pledge infrastructure and the mobile pledged provider Synclub on the BNB chain of Helio Protocol set up Lista DAO.

Lista DAO aims to use innovative liquid dictators to create a low -threshold DEFI protocol.Its core vision is that in the context of liquidity pledge, from BNB as the starting point, exploring various application scenarios such as stablecoin re -pledge, and eventually establishing a low -threshold LSDFI protocol on multi -chain.

The protocol is based on and extended the MakerDao model, including Dual currency model Lisusd and Lista, as well as a series of functions that support instant conversion, asset mortgage, lending, and income farm.

2. Core mechanism

2.1Stable currency lending mechanism

One of the core products of Lista DAO is to stabilize currency lending services, which are mainly achieved through excess mortgage models.

2.1.1Operating mechanism

1. Excess mortgage mode

Lista DAO uses an excess mortgage mode to ensure the stability and security of the system.Users can mortgage encrypted assets such as ETH, BNB, SLISBNB to borrow decentralized stable currency Lisusd.The value of mortgagers must be higher than the value of stable currency borrowed, and this mechanism can effectively reduce the risk of borrowing breach of contract.

For example, BNB worth $ 100 in user mortgages may only be borrowed to $ 70 Lisusd to ensure that the system has sufficient buffer to cope with market fluctuations.

2.Decentralized stable currency Lisusd

Lisusd is the decentralized stable currency of Lista DAO, using decentralized mobile pledged crypto assets as mortgage.Unlike traditional stablecoins, LisusD does not rely entirely on the absolute price of the legal currency, but allows certain price fluctuations to better reflect the actual situation of the market.

The design purpose of Lisusd is to provide a relatively stable value storage and trading medium while maintaining decentralization.

3..Types and innovations of mortgage assets

Lista DAO not only supports traditional crypto assets such as ETH and BNB, but also launched an Innovation Zone, allowing users to mortgage innovative mobile pledge assets such as WEETH and Stakestone of Etherfi.This provides users with more collateral choices and enhances the flexibility and capital efficiency of the system.

2.2Liquid

Another core product of Lista DAO is liquidity pledge. Through this mechanism, users can pledge cryptocar assets and obtain corresponding liquidity tokens to improve capital use efficiency.

2.2.1Operating mechanism

1. 1.Liquid Staking

Users can pledge encrypted assets such as BNB and obtain liquidity pledges (such as SLISBNB).These vouchers can not only be used in the Lista DAO platform, but also can perform loans and liquidity operations on other DEFI platforms. At the same time, they can still get pledge rewards.

Liquid pledge is separated by the benefits and liquidity of pledged assets. While enjoying the pledge income, users can still use these assets to perform other DEFI activities.

2.The generation and use of SLISBNB

Package BNB generates SLISBNB: The user pledged BNB to the Lista DAO’s liquidity pledged contract, and the SLISBNB corresponding to the pledged BNB number will be generated.
Use SLISBNB: Users can use SLISBNB to carry out borrowing and liquidity provision on various DEFI platforms, and at the same time they can still get BNB pledge returns.The application scenarios of SLISBNB on different platforms include providing liquidity, borrowing, and income farms.

3..Benefits and expenses

Pledge income: After the user pledge BNB, it will receive the pledge income of the BNB network.These income will be assigned to users holding Slisbnb in a proportion.
Cost structure: Lista DAO may charge a certain management fee or transaction fee, which are used to maintain the operation and development of the platform.The specific cost structure will be explained in detail in the document of the agreement.

4. 4..Mortgage and lending

Over -mortgage lending: Users can use SLISBNB as mortgages and borrow to decentralize stable currency Lisusd.This method not only increases the liquidity of user assets, but also allows users to obtain more funds through borrowing for investment or other operations.
Loan interest: Users who borrowed Lisusd need to pay a certain amount of borrowing interest, and the current borrowing interest is 0%.Users can repay the loan at any time and retrieve the mortgage SLISBNB.

2.3Innovative mortgage

In order to provide more flexible and diverse mortgage options, Lista Dao introduced Innovation Zone, allowing users to use a variety of new mobile pledge assets as mortgages to increase the flexibility and capital efficiency of the system.

2.3.1Operating mechanism

1. 1.Innovation Zone

Purpose: The establishment of the Innovation Zone aims to include the qualified mobile pledges (LST) and liquidity reinsurance to the tokens (LRT) into the mortgage options to provide users with more options and improve liquidity and capital utilization efficiency.
Type of mortgage: In addition to traditional encrypted assets such as ETH and BNB, the Innovation Zone also supports innovative mobile pledge assets such as Etherfi’s Weeth, Stakestone, and Ezeth of Renzo.
Mortgage risk and ratio: The mortgage in the innovation zone is higher than the traditional mortgage risk coefficient, and the mortgage ratio is correspondingly higher.The lista DAO project party will evaluate these mortgages every week to determine whether it is qualified for mortgage.

2.Specific mortgage type

Etherfi’s weeth: WEETH is a mobile pledged token based on Ethereum. Users can pledge ETH and obtain WEETH.WEETH can be used as a collateral on lista dao for LisusD.
Stakestone’s Stone: Stone is an innovative mobile pledged token. After the user pledged a specific encrypted asset, the Stone was obtained. Stone could carry out mortgage and borrowing operations on the lista DAO.
Renzo’s ezeth: EZETH is another innovative liquid pledge token, supporting pledge and liquidity management of multiple encrypted assets.EZETH can be used as a collateral on Lista DAO to increase the user’s asset flexibility.

3..Borrowing and liquidity management

Users can use these innovative collaterals to borrow to decentralize stable currency Lisusd.By using these liquidity pledges as mortgages, users can not only obtain liquidity, but also participate in other DEFI operations, such as income farms and liquidity.

This mechanism effectively improves the efficiency of users’ capital utilization, allowing users to manage and use their encrypted assets more flexibly.

4Then, thenIncome and expense structure

Pledge income: Users can get corresponding pledge returns through pledge innovative collateral.These income will be allocated according to different types of mortgage products and market conditions.
Lending fee: Users need to pay a certain amount of loan interest and expenses when borrowing LisusD. These costs are used to maintain the operation and development of the platform.The specific cost structure has detailed instructions in the document of the protocol.

3. Tokens

3.1Lisusd

definition:Lisusd is a decentralized, non -prejudiced mortgage stabilizer, soft linked to the US dollar.Users can borrow Lisusd by mortgage assets on the Lista platform.Lisusd is made and maintained by mortgage assets in the Lista mortgage library.

Liquidity:Users can borrow Lisusd by depositing mortgage assets from Lista’s CEVAULT, which is the main way for Lisusd to enter circulation.Others can purchase LisusD through agents or exchanges, or to obtain LISUSD by providing liquidity on the decentralized exchange (DEX).LisusD can be used like any other cryptocurrencies for payment, transfer and purchase of goods and services.

3.2Lista

definition: Lista is the native crypto protocol tokens of Lista DAO, which is transferable and multifunctional.Lista tokens are designed as an interoperable practical tokens, which are mainly used for decentralized payment and settlement between participants within Lista DAO.

FunctionThe

Govern: Lista token holders can propose a governance proposal and vote to determine the future characteristics, upgrades and parameters of the lista DAO (such as the distribution of income pools of ecosystem development and growth, the addition of new vault, the level of agreement parameters and expenses).
Incentive mechanism: Lista tokens are used to motivate users to participate and contribute in the lista DAO ecosystem, and get rewards through activities such as deposits, pledge, transactions and governance.
Liquidity: Lista tokens can be exchanged or put in the income farm pool on the decentralized exchange. Users can maximize their capital efficiency, obtain loans and composite income through these operations.

Supply and circulation:

The maximum supply of tokens: 1,000,000,000,000 listia;

Initial circulation: 230,000,000 Lista (23%of the maximum supply of tokens);

MEGADROP total: 100,000,000 lista (10%of the maximum supply of tokens)

At present, the Lista tokens off -site quotation is 0.8USDT.

Specific distribution ratio

Binance megadrop: 100 million pieces, accounting for 10%of the total supply.
airdrop: Account for 10%of the total supply.
Investors and consultants: 19%of the total supply.
team: Account for 35%of the total supply.
Community: Account for 40%of the total supply.
DAO vault: 8%of the total supply.
Ecological: 9.5%of the total supply.

3.3Tokens issuance and use

1. 1.issued

The issuance of Lisusd and Lista tokens is mainly obtained through user mortgage and borrowing operations, as well as activities and contributions in the ecosystem.The purpose of token issuance is to raise funds for the development of the project, increase market brand awareness, and community construction and social participation.

2.use

Lisusd: As a decentralized stablecoin, Lisusd can be used for various payment, transfer and purchase of goods and services, and can also provide liquidity and borrowing in DEFI operations.
Lista: It is mainly used for payment and settlement, governance voting, and inspiring users to participate and contribute to the ecosystem.Lista does not represent any shares, ownership or participation, nor does it promise any fees, dividends, income, profits or investment returns.

3.4Economic incentive and liquidity management

1. 1.Economic inspiration

Participate in incentives: Users can get the lista tokens reward through activities such as deposits, pledge, transactions and governance on Lista DAO.This mechanism ensures that users can get fair compensation while participating in the ecosystem.

Governance: Lista token holders can participate in the management and decision -making of the agreement through the proposal and voting governance proposal.This decentralized governance mechanism enhances the transparency and participation of the ecosystem.

2.Liquidity management

Market pricing: Lista tokens’ secondary market pricing is not controlled by Lista Dao, and there is no mechanism or solution design to control or manipulate the secondary market price.Users can freely choose to exchange Lista tokens on the decentralized exchange to maximize their capital efficiency.

Fund management: Through the liquidity pool of a decentralized exchange, users can provide liquidity and earn trading costs and rewards.This mechanism not only enhances the liquidity of the lista tokens, but also improves the capital utilization efficiency of the entire ecosystem.

4. Lending process

1. 1.Provide mortgage

Users first need to provide collateral on the Lista DAO platform, which can be encrypted assets such as BNB, ETH, SLISBNB.The type and value of the collateral will affect the number of LisusDs that users can borrow.

For example, if the user pledged a $ 100 BNB to the platform, the system decided that the user can borrow up to $ 70 a $ 70 LisusD based on the mortgage rate (such as 70%).

2.Generate lisusd

When the user provides the mortgage, the corresponding amount of Lisusd can be borrowed according to the value of the collateral.Lisusd is the platform stabilization currency of Lista DAO, soft linked to the US dollar.

The generation process of Lisusd is based on the collateral provided by users to ensure the safety and stability of borrowing.

3..Borrow Lisusd

After providing sufficient mortgages, users can borrow LisusD through the platform.Lisusd borrowed can be used for various DEFI operations, such as payment, transfer, purchase of goods and services, or investing and returning farms on other DEFI platforms.

There will be a certain borrowing interest during the borrowing process, and the current borrowing interest is 0%.This low interest rate helps attract more users to participate in the borrowing operation of the platform.

4. 4..Repay

Users can repay the Lisusd and corresponding borrowing interest at any time.Once the loan is repaid, the user can withdraw its mortgage assets.

The process of repaying the loan is also very simple. Users only need to return the LisusD and interest they borrowed to the platform.

5.Return the mortgage

When the user fully repaid the loan, they can withdraw their mortgage assets.These assets can continue to be used for other DEFI operations or pledged to borrow more Lisusd.

6.Liquidation mechanism

If the user fails to repay the loan on time and the mortgage value drops to a certain extent, the system will trigger the clearance mechanism.Some or all mortgages will be sold to repay the loan to ensure the stability and security of the system.

The liquidation price and liquidation ratio will be adjusted according to market conditions and protocol parameters.This mechanism effectively reduces the risk of borrowing default and protects the interests of the platform and other users.

5. MEGADROP Guide

On May 23, Binance announced the deployment of Lista (Lista token) on Binance Megadrop. Users can pledge BNB and complete the web3 task to get rewards.

MEGADROP is a new token distribution platform launched by Binance, allowing users to access and receive promising projects as soon as possible.The project launched on Megadrop is guaranteed to be listed on the Binance Stock Exchange.

The tokens are allocated according to the total points obtained by the user.Total points depends on the rewards of BNB locking points, Web3 Quest coefficients and web3 quest.The formula is as follows:

Total points = (bnb lock points x web3 task coefficient)+ web3 task reward

BNB locking point

The points are calculated based on the number of locking BNB and the locking time. The longer the time, the higher the points. The Binance calculates the points according to the daily average lock volume snapshot (points may change due to fluctuations in the lock).

There are four fixed coefficients of BNB locking points: 30 days, 60 days, 90 days, 120 days:

The locking time is less than 59 days, and the points will increase at 30 days.
The lock time is less than 90 days, and the points increase by the multiple of 60 days
The lock time is less than 90 to 120 days, the points increase in 90 days
The lock time is 120 days or more, and the points increase “120 days” multiple

Megadrop participation guide

To participate in Megadrop, users need to lock the BNB token in Binance Simple Earn and complete the Web3 Quest task in the Binance Web3 wallet.Eligible users’ rewards are calculated based on personal points ratio and divided by the total points of all users.

Access currency applications on your mobile phone, choose more, and then choose Megadrop.

Browse the list of web3 projects that have been launched and choose the project you want to participate.
After entering the detailed information page, carefully read the requirements and rules of the project.

Complete the task in the task part.

6. Team/financing situation

The success of Lista DAO is inseparable from a strong and deep background team.The members of the core team have rich experience and achievements in blockchain technology, fintech and operation management, and provide a solid foundation and guarantee for the development of the project.

TORU WATANABE is the founder and CEO of Lista Dao, responsible for the overall strategic planning and implementation of the project.As the founder, he has rich experience in blockchain technology and project management, and the leadership team has promoted the development of Lista Dao.

The co -founder and chief operating officer (COO) Terry Huang served as the regional manager of Binance and the strategic director of Chainnews.He has rich experience in the blockchain field and is good at operational management and marketing.

TORU WATANABE and Terry Huang both have experience in working in Binance, which gives them deep understanding and practical experience in the cryptocurrency market and blockchain technology.As the world’s leading cryptocurrency exchange, Binance provides them with rich industry resources and connections.

Binance Labs invested 10 million US dollars to Lista Dao (formerly known as Helio Protocol) to help it transform into a liquid pledged platform.The funds will be used to establish infrastructure on the BNB chain and extend to other networks such as Ethereum, Arbitrum and ZKSYNC.Helio Protocol is the issuer of over -mortgaged stable currency HAY. In July 2023, it merged with the pledged provider Synclub to establish a new foundation to manage the income flow of Synclub and Helio.The funds will accelerate technology research and development and platform upgrades, especially in the field of liquidity pledge and decentralized financial.Investment will also be used for marketing and user education to enhance the global popularity of Lista Dao.Through cooperation with Synclub, Lista DAO has further improved in technical strength and market position, and it is expected to become an important participant in the decentralized financial field in the future.

7. Project evaluation

7.1Track analysis

Lista DAO is a decentralized finance (DEFI) track, which involves the following sub -areas:

1. 1.Liquid Staking

Liquid pledge allows users to betray and encryption assets (such as BNB, ETH) and obtain liquidity vouchers (such as SLISBNB). These vouchers can be used in dendials and liquidity operations in the DEFI ecosystem. At the same time, users can still get pledge rewards.

This technology improves the liquidity of user assets and the efficiency of capital utilization, and is an important innovation in the field of Defi.

2.Decentralized stable currency (Decentralized Stablecoin)

Lista Dao provides a decentralized stable currency Lisusd, which can borrow the stablecoin by mortgage crypto assets.Lisusd’s design goal is to maintain stable price, similar to MakerDao’s DAI.

Decentralized stable coins provide users with safer and transparent financial tools, reducing their dependence on traditional financial systems.

3..Overcollateralized BORROWING

Users can borrow a stable currency Lisusd by mortgaging a certain amount of encrypted assets.This excess mortgage model ensures the stability and security of the system and prevent the risk of borrowing default.

This mechanism is widely used in the DEFI ecology, and is the core function of many decentralized lending platforms.

In the DEFI track, several projects are similar to Lista DAO in the field of liquidity pledge, decentralized stable coins, and excess mortgage lending:

1. 1.Lido Finance

field: Morality
Brief introduction: LIDO is the largest liquid pledge platform on Ethereum. Users can pledge ETH and get STETH. STETH can be used on the DEFI platform. At the same time, users can still get ETH pledge rewards.
Similar point: Lido and Lista Dao both provide liquidity pledge services to improve the liquidity and utilization rate of user assets.

2.MakerDao

field: Decentralized stablecoin
Brief introduction: MakerDao is the issuer of decentralized stable currency DAI. Users can be tested DAI by mortgaged encryption and other encrypted assets. DAI prices are soft to the dollar.
Similar point: Lista DAO’s Lisusd is similar to DAI. They are decentralized stablecoins generated by over -mortgage, which aims to provide stable crypto assets.

3..Aave

field: Borrowing
Brief introduction: AAVE is a decentralized lending platform that users can borrow or borrow various encrypted assets.AAVE provides excess mortgage lending services to ensure the safety and stability of the system.
Similar point: The excess mortgage borrowing service provided by Lista DAO is similar to AAVE. Users can borrow stable coins through mortgage encrypted assets to obtain flexible funds.

7.2Project performance

As of May 24th, Lista DAO’s total lock is worth $ 463,853,482, mortgage value is $ 301,170,727, LIquid pledge is 162,682,754 US dollars, and the total borrowing is US $ 60,274,786.

The Lista DAO project performed well in liquidity pledge and decentralized borrowing.The total lock value (TVL) of BNB, SLISBNB, and ETH is $ 114,302,940, $ 30,818,259 and $ 34,681,465, showing the user’s high demand for these asset pledge.The minimum mortgage ratio (MCR) is 150%, ensuring the stability and security of the system.The borrowing interest rate is 9.50% and 11.00%, respectively, providing flexible funding solutions.

The listadao innovation zone supports the Weeth of Ether.Fi, Stone of Stakestone, and Ezeth of Renzo, borrowing stablecoin Lisusd.As of May 23, the Listadao Innovation Zone mortgaged asset value was about $ 5.56 million.

7.3Project advantage

1. 1.Decentralization and security

The Lista DAO’s lending mechanism is completely decentralized, and users can fully control their assets to ensure the security and transparency of the system.

The excess mortgage model further ensures the stability and security of the system, and effectively prevent the risk of borrowing default.

2.Flexibility and efficiency

Users can flexibly choose the types and quantities of the collateral, and adjust according to their own needs and market conditions.The lending process is simple and efficient, and users can borrow and repay Lisusd at any time.

Through liquidity pledge, users can enjoy the use of these assets to perform other DEFI operations while enjoying the pledge income to improve the efficiency of capital utilization.

3..Low interest rate and diversified income

Low loan interest rates will help attract more users to participate in the borrowing operation of the platform.Users can get more funds for investment or other operations through borrowing to enhance the overall income.

Diversified income channels can get a stable return under different market conditions.

4. 4..Reduce the risk of pledge

By separating the pledge income and liquidity, users do not need to lift the pledge when they need funds, reducing the risks caused by market fluctuations.

The liquidity pledge mechanism ensures that users can flexibly use their assets at any time, while they can still enjoy the benefits brought by pledge.

7.4Challenge and future outlook

1. 1.Market volatility

Although there are excess mortgage and liquidation mechanisms, the high volatility of the encryption market may still bring risks to the stability of users’ assets and platforms.Users need to pay close attention to market developments and manage risks.

Lista DAO needs to continuously optimize the risk management mechanism to ensure the stability and security of the system.

2.User education and adoption

The lending mechanism is relatively complicated, and users need to have certain DEFI knowledge and experience.Lista DAO needs to strengthen user education to help users understand and use the borrowing function of the platform.

Increasing the use of users is the key to the success of the project, and it is necessary to promote and promote through various channels and activities.

3..Multi -chain expansion plan

Lista DAO plans to extend the loan function to multiple blockchains such as Ethereum to provide users with more diverse choices and wider application scenarios.

Multi -chain expansion will further enhance the Lista DAO ecosystem, so that it will occupy a more important position in the decentralized financial sector.

8. Conclusion

All in all, the Lista DAO project has shown strong potential and stable growth in the field of decentralized finance (DEFI).By providing a variety of pledge and lending options, including BNB, SLISBNB, and ETH, Lista Dao provides users with high liquidity and flexible funds use schemes. Its total locking value (TVL) exceeds 179 million US dollarsHigh trust of the platform.The stable minimum mortgage ratio (MCR) and competitive borrowing interest rates have further enhanced the security and attractiveness of the system.The introduction of new assets such as Weeth, EZETH, and Stone shows its innovative capabilities and market adaptability.In short, Lista DAO is gradually establishing its leadership position in the DEFI market through high -quality services and continuous innovation, which is expected in the future.