What Is Lista DAO (LISTA) Coin: Everything You Need To Know About It

2024/07/10By:

On May 23, cryptocurrency exchange Binance announced Lista (LISTA) as the second project on Binance Megadrop, a new token launch platform granting users early access to select Web3 projects before they are listed on the exchange.

Lista is a liquid staking and decentralized stablecoin protocol powered by LSDfi. The protocol allows users to borrow its dollar-pegged stablecoin lisUSD against a range of crypto assets in the BNB Chain and Ethereum, including BNB, ETH, slisBNB, and wBETH.

Next, let’s take a close look at Lista (LISTA) coin project.


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Table of Contents

Latest News & Updates on Lista DAO (LISTA)

What is Lista DAO (LISTA)?

How does Lista DAO Work?

Lista Key Features and Security

What is the LISTA Token?

LISTA Tokenomics

What is the lisUSD Token?

Lista DAO (LISTA) Price Prediction

How to Buy LISTA Coin?

Final Thoughts

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Latest News & Updates on Lista DAO (LISTA)

On May 23, Binance, the world’s largest cryptocurrency exchange, unveiled Lista (LISTA) as the second project on its Megadrop platform. Lista is a liquidity staking and decentralized stablecoin protocol powered by LSDfi.

In addition, LISTA will be launched on Binance listed after the completion of Megadrop, and the specific listing plan will be announced separately.

 

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What is Lista DAO (LISTA)?

Lista, also known as “ListaDAO,” is a DeFi (Decentralized finance) platform that provides a simple, permissionless solution for staking, liquidity staking and secure stablecoin lending. The project, formerly known as Helio Protocol (HAY Token), aims to provide liquidity staking infrastructure on the BNB chain.

In February 2024, the Helio Protocol brand was upgraded to Lista DAO and upgraded to a token contract, where HAY was renamed lisUSD and SnBNB was renamed slisBNB.

Currently, Lista DAO functions as an open-source decentralized stablecoin lending protocol powered by LSDfi. Users can participate in staking and liquid staking on Lista, as well as borrow lisUSD against a variety of decentralized collateral. The model is inspired by the MakerDAO system, but aims to extend its capabilities.

The following are the main highlights of the project:

Security: Lista DAO prioritizes security. All products are thoroughly vetted by leading companies and independently manage validator nodes.

UserFriendly interface: the protocol provides an intuitive, easy-to-use interface that ensures a pleasant experience for all users.

Attractive profit opportunities: casting lisUSD and slisBNB unlocks sustainable, attractive profit opportunities on the BNB chain.

Low fees: borrowing lisUSD has affordable interest rates and a variety of collateral options, with low or zero fees depending on the collateral used.

For more information, please visit Lista Docs.


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How does Lista DAO Work?

Lista DAO operates as an open-source liquidity protocol, enabling users to earn yields by staking crypto assets such as BNB, ETH, stablecoins, etc. The plan takes and extends the MakerDAO model to introduce lisUSD, a decentralized, impartial stablecoin backed by collated assets.

The protocol employs a dual token model, comprising a destablecoin lisUSD and LISTA, with mechanisms for instant conversions, asset collateralization, borrowing, and yield farming. Initially native to the BNB Chain ecosystem, Lista DAO plans to expand to multiple blockchains.

Next, we will take a closer look at these two cryptocurrencies.

LISTA USDT-margined perpetual futures contracts with a leverage of up to 20x are now available on BTCC platform. If you are interested in this coin, you can directly click the button below to enter Lista (LISTA) trading page⇓

Lista Key Features and Security

Lista DAO offers several key features to its users:

  • Collateralization: Users can collateralize assets such as BNB.
  • Borrowing: lisUSD can be borrowed against the collateral.
  • Yield Farming: Users can farm lisUSD to earn yields.
  • Loan Repayment: Loans can be repaid with lisUSD plus borrowing interest, currently set at 0%.
  • Collateral Withdrawal: Users can withdraw their collateral after repaying the loan.

To ensure security and trust, the Lista team has renounced ownership of the contract and burned liquidity provider (LP) tokens. These tokens are sent to a burn address, making them irrecoverable and ensuring perpetual baseline liquidity for the token.

This approach protects against potential rug pulls and builds confidence within the community.

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What is the LISTA Token?

LISTA is the native fungible token of Lista DAO, used for governance and utility functions within the protocol. It provides economic incentives to encourage user contributions and participation within the Lista DAO ecosystem.

The token is designed to facilitate decentralized community governance and promote active engagement with the protocol, making it a crucial component of Lista’s operational model. Holders of LISTA can propose and vote on governance proposals to determine future features, upgrades, and parameters of Lista DAO.

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LISTA Tokenomics

Lista’s tokenomics are designed to foster a robust ecosystem:

  • Total Supply: 1 billion LISTA tokens.
  • Initial Circulation: 230 million tokens.
  • Megadrop Incentives: 100 million tokens, representing 10% of the total supply.
  • Zero Transaction Fees: Ensures no additional fees for transactions.

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What is the lisUSD Token?

LisUSD (formerly known as HAY) is an unmanaged and over-collateralized unstable coin developed by the Lista DAO to support new features of the user exploration protocol. A destablecoin is a new asset class within the crypto space, aiming to provide a more accurate representation of the current stablecoin landscape. The prefix “de-” stands for decentralized, indicating that these coins do not signify price volatility like traditional assets such as BTC.

Users can use lisUSD to conduct decentralized stablecoin activities within the ever-expanding Lista DAO ecosystem. To use or obtain lisUSD, users must provide BNB in the form of collateral by interacting with the Lista protocol. Upon launch, lisUSD will be issued as a BEP-20 compatible token.

In addition to the above two tokens, Lista DAO has also developed another token, SlisBNB, which is a profitable liquid staking token of BNB that is aligned with the BNB staking annual rate, allowing users to earn additional profits on various DeFi platforms while receiving passive staking rewards.

Lista DAO (LISTA) Price Prediction

as of writing the article on July 10, Lista DAO (LISTA) is traded at $0.55262328, boasting a market cap of $127.103M, and witnessing a hefty 24-hour trading volume of $50.523M. Lista DAO (LISTA) saw a 24-hour change of +7.00 %, with minor fluctuations of -2.80 % in the past hour.

The following sets forth the LISTA to USD Chart

Lista DAO Chart

For more information about  Lista DAO (LISTA), please visit BTCC Lista DAO (LISTA) quote page.

As to Lista DAO (LISTA) Price Prediction for 2024, it is estimated that Lista DAO (LISTA) can achieve a minimum price of $0.49. The maximum price for LISTA could reach up to $0.84, with an average price around $0.665.

As to Lista DAO (LISTA) Price Prediction for 2025, it is projected that Lista DAO (LISTA) would trade between $0.63 on the lower end and $0.95 on the high end, with an average trading price of $0.79.

In terms of long-term price prediction for 2030 on Lista DAO (LISTA), it is predicted that LISTA would see a potential low price of $2.03 and a maximum price level of $3.04, with the average price expected to hover around $2.54 for the year.

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How to Buy LISTA Coin?

LISTA USDT-margined perpetual futures contracts with a leverage of up to 20x are now available on BTCC platform.

The following sets forth the guidance for trading LISTA futures on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite” > “Fiat Deposit”, and then fund your account.

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find LISTA trading pair.

You can also click the button below to enter BRETT trading page⇓

Step Four: choose the contract trading order type. BTCC contract orders are divided into market orders, limit orders and SL/TP orders.

  • Market Order: users place orders at the best price in the current market to achieve fast trading.
  • Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
  • SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and LISTA futures contract order is completed.

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Final Thoughts

In general, Lista DAO acts as an open-source liquidity protocol for earning returns on collated crypto assets (BNB, ETH, stablecoins and other cryptocurrencies) as well as borrowing its decentralized stablecoin, lisUSD (also known as “Destablecoin”). It uses and extends the proven MakerDAO model to implement decentralized, impartial, collateral-backed unstable coins.

The project will be launched on Binance’s Megadrop platform, and users can receive Lista airdrop rewards through Binance. In addition, LISTA will be listed on Binance after the completion of Megadrop, and the specific listing plan will be announced separately.

The above is all information about Lista (LISTA) currency, if you are interested in this project, you can follow its official website and official social media account to get the latest information, but please be alert to related fraud.

That’s all information about Lista DAO (LISTA), If you want to know more information about Lista DAO (LISTA) and other cryptocurrencies, please visit BTCC Academy.

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