Lista DAO is an open-source liquidity protocol that focuses on enabling users to earn yield using crypto assets (such as BNB, ETH, stablecoins and other cryptocurrencies) as collateral and provides a decentralized lending stablecoin lisUSD. This coin is also known as a "destablecoin". Lista DAO is based on the MakerDAO model and further develops a decentralized, unbiased, collateral-backed decentralized stablecoin system.
What is a Destablecoin?
Destablecoin is an emerging asset class within the cryptocurrency space that aims to provide a more precise definition for the current stablecoin market. The prefix "de" stands for decentralized, meaning that it will not experience drastic price fluctuations like assets such as BTC. Destablecoin only uses decentralized, liquid staked crypto assets as collateral and does not aim to maintain absolute price stability with fiat currencies (such as the US dollar). Although decentralized stablecoins are not highly volatile assets, their prices will fluctuate to a certain extent based on reference rates and interest rate equivalents set by the market.
The difference between Destablecoin and Stablecoin
Destablecoin is different from the four main types of stablecoins currently on the market: Similar to other cryptocurrency-backed stablecoins (such as DAI), destablecoins also adopt an over-collateralization model and use crypto assets similar to DAI as backing. But there are several key differences between destablecoins and them:
Fully decentralized: Traditional cryptocurrency-backed stablecoins such as DAI use centralized crypto assets such as USDC, while destablecoins such as lisUSD use decentralized assets as collateral. In addition, destablecoins also use liquid assets as collateral.
Pursue broad stability rather than fixed anchors: Destablecoins strive to achieve stability within a broader framework rather than strictly anchoring to a certain fiat currency. The market should accept price volatility as the norm, rather than pursuing absolute price stability at all costs.
Why Lista DAO?
Many stablecoin protocols rely too much on a single model (such as full collateralization) or tend to the other extreme (fully algorithmic and not physically backed). Lista DAO aims to provide a solution to the capital efficiency problems faced by over-collateralized stablecoins. It allows users to increase their capital utilization through collateralized debt positions (CDPs). By combining liquidity staking, the functionality of the MakerDAO model, and the additional liquidity of LPs on DEX, Lista manages to avoid the problem of frozen funds or value loss due to price instability.
Lista was created by experienced DeFi experts and smart contract developers, leveraging Proof of Stake (PoS) rewards, Binance liquidity staking, and yield-bearing assets to build the lisUSD destablecoin into the most widely used world-class revolutionary product. By incentivizing borrowers and stakers to join the new decentralized economic scale, Lista DAO drives blockchain technology towards mainstream application.
Partnership Announcement - BounceBit
Lista DAO is pleased to announce a strategic partnership with BounceBit, a leader in CeDeFi infrastructure. BounceBit provides institutional-grade yield products, innovative re-staking use cases, and CeDeFi as a service, making high-yield opportunities accessible to everyone. This collaboration marks a major milestone for Lista DAO, as we will include BounceBit’s BBTC as part of our collateral options, enabling users to borrow lisUSD in Lista’s Innovation Zone.
Bitcoin on BounceBit (BBTC)
BBTC is a Bitcoin representation on the BounceBit chain, which can be considered a Bitcoin wrapper with enhanced functionality, allowing BTC to be utilized for more than just value storage. BounceBit makes staking and re-staking of Bitcoin possible.
Loan Parameters
BBTC will be integrated into Lista DAO as collateral, and the parameters for borrowing lisUSD are as follows:
Minimum Collateral Ratio: 200%
Total Borrowing Limit: 500,000 lisUSD
Minting Fee: 0
Loan Rate: 12.5%
Withdrawal Option: BBTC
Withdrawal Fee: 0
Through these innovations and collaborations, Lista DAO is leading the future of decentralized finance, providing more efficient and stable financial services.