#AirdropGuide #Megadrop $LISTA
What is Lista DAO?
Lista DAO functions as a open-source liquidity protocol for earning yields on collateralized Crypto assets (BNB, ETH, Stablecoins, and other cryptocurrencies) and borrowing of our decentralized stablecoin, lisUSD, also known as a "Destablecoin".
It uses and expands the proven MakerDAO model for a decentralized, unbiased, collateral-backed destablecoin.
The protocol consists of a dual token model (lisUSD and LISTA) and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming, etc. We are native to the BNB Chain ecosystem and have plans to expand to multiple chains in the near future.
The protocol is built by DeFi and smart contract experts with the aim to position the world-class revolutionary lisUSD Destablecoin as the most widely used one, by leveraging Proof-of-Stake (PoS) rewards and yield-bearing assets.
Destablecoin is a new type of asset class within the crypto space that seeks to label a more accurate term in the current stablecoin landscape. The prefix “de-” stands for decentralized - it does not signify price volatility the way assets such as BTC experience. Destablecoins utilize decentralized, liquid-staked, crypto assets only as collateral and do not aim to achieve absolute price stability with fiat-based currencies such as USD. While destablecoins are not fully volatile assets, they will allow for some price fluctuations as regular fiat currencies would experience with varying reference rates and interest rate parities defined by the open market.
Lista DAO allows users to:
Collateralise BNB.
Borrow lisUSD
Farm lisUSD
Repay the loan (lisUSD + borrowing interest)
Withdraw collateral
Claim rewards in LISTA for borrowing lisUSD (coming soon)
Participate in protocol governance, using LISTA tokens (coming soon)
Hope you guys achieve great success! Happy Trading!
