lisUSD

Lista DAO operates as a decentralized platform focused on over-collateralized lending and liquid staking, built on the BNB chain. It introduces lisUSD, a native destablecoin that is over-collateralized by BNB and can be exchanged for $1 worth of BNB. Users can engage with lisUSD by borrowing it at a collateral ratio of approximately 152% (or about 66% LTV) by providing assets like BNB, ETH, slisBNB, or wBETH as collateral. Additionally, lisUSD can be used for liquidity mining on LP DEXes and as a payment method for transferring value in goods and services. Lista DAO aims for complete decentralization and plans to launch its DAO following the TGE of its governance token, LISTA. The primary objective of Lista DAO is to offer a new, efficient, and decentralized digital currency through lisUSD.

The distinctiveness of lisUSD lies in its backing by BNB and ETH, two of the leading L1 tokens by market cap in the crypto world. Similar to HAY, lisUSD provides value and decentralization comparable to systems like MakerDAO but enhances aspects such as capital efficiency and financial incentives, enabling users to gain sustainable returns on their borrowed lisUSD.

At Lista DAO, managing risk and safeguarding users is of utmost importance, which is why several risk management strategies have been implemented. Firstly, maintaining a 66% LTV ratio ensures adequate over-collateralization of BNB, providing a buffer against unforeseen market events. This ratio is inspired by the one used at MakerDAO, indicating its reliability and effectiveness. Secondly, users have the option to subscribe to Helio’s customized Liquidation Alert System (LAS), which sends them notifications via Telegram when their liquidation threshold is nearing, giving them ample time to react. Additionally, subscribers receive alerts when the collateral price shows abnormal volatility or is close to the liquidation point. Lastly, Lista DAO has incorporated an emergency shutdown mechanism governed by smart contracts, which activates during extraordinary circumstances to protect the Helio Protocol’s blockchain infrastructure from potential attacks.