Lista DAO (LISTA)

Staking and Liquid Staking

Lista DAO allows users to stake and liquid stake BNB, helping them earn staking rewards easily.

Stablecoin Lending

Users can borrow lisUSD, a stablecoin pegged to the US dollar, by using various decentralized assets like BNB, ETH, slisBNB, and wBETH as collateral.

Liquidity Provision

LISTA tokens can be used to provide liquidity in decentralized exchanges and liquidity pools, where users earn fees from trades, boosting their returns.

Governance and Voting

By locking LISTA tokens as veLISTA, users can vote on collateral options, liquidity pools, and participate in revenue sharing, influencing the protocol's decisions.

Collateralized Debt Position (CDP) Protocol

Lista DAO offers a CDP system where loans are fully backed by collateral, with a liquidation process to protect the system and users.

Ecosystem Growth and Innovation

The project continuously develops new features and forms partnerships to expand its DeFi ecosystem and improve user experience.

Pros of Lista DAO

• Lista DAO is powered by the native $LISTA governance token, which allows holders to participate in DAO voting and decision-making.
• It has received significant investment from Binance Labs, with over $10 million invested, showing strong backing and credibility.
• The project has undergone multiple security audits by reputable firms like Certik, Slowmist, PeckShield, Viridise, and Blocksec, enhancing trust in its smart contracts.
• Lista DAO uses a decentralized stablecoin, lisUSD, pegged to the US dollar and fully over-collateralized by crypto assets such as BNB and ETH, following the proven MakerDAO model.
• It offers liquid staking tokens like slisBNB, allowing users to earn staking rewards while maintaining flexibility for other DeFi activities.
• The platform is actively engaging the community through events like the Binance Megadrop contest, allocating a significant portion of tokens for participation incentives.
• Lista DAO plans to transition to Liquity’s code base on Ethereum and BSC, aiming for further decentralization and innovation.

Cons of Lista DAO

• As with many DAOs, voting power depends on the number of tokens held, which can lead to concentration of control among large holders.
• The project is still evolving, with some features like the transition to Liquity’s code base expected in the future, which may involve technical and adoption challenges.
• Being a DAO, it operates in a regulatory gray area in many jurisdictions, which could affect its legal recognition and operations.
• The price of LISTA tokens can be volatile, as is common in the cryptocurrency market.
• Despite multiple audits, smart contract vulnerabilities can never be completely ruled out in decentralized projects.

Founders

Lista DAO was founded by Toru Watanabe and Terry Huang. Both bring strong experience from their work at Binance and expertise in blockchain technology, decentralized finance, and financial systems architecture.

Background of Founders

• Toru Watanabe serves as the founder and CEO of Lista DAO.
• Terry Huang is the co-founder and COO.
• Together, they established the protocol in 2022, originally launching it as the Helio Project before rebranding to Lista DAO.

Experience

The founders have a deep understanding of DeFi, smart contracts, and the crypto ecosystem, which helped shape Lista DAO into a decentralized stablecoin lending protocol with innovative liquid staking solutions.

Investors and Funding

Lista DAO was founded in 2022 and is headquartered in Singapore. It has received significant investments, including a $10 million funding round from Binance Labs. The most recent deal was a Seed Round with Eigenpie on September 29, 2024. Private sale investors and advisors received 19% of the total 1 billion LISTA tokens.

Token Distribution

The total supply of LISTA tokens is 1 billion. The distribution includes 19% to private sale investors and advisors, 10% to airdrops, 9.5% to the ecosystem, 10% to Binance launchpool, 3.5% to the team, 8% to the DAO reserve, and 40% to the community.

Strategic Backers

Besides Binance Labs, Lista DAO is backed by Yzi Labs and has partnerships with various protocols, expanding its ecosystem and adding value for users.

Halal Status of Lista DAO

• Yes, Lista DAO is halal.
• This is because halal certification and compliance focus on products and services that do not involve prohibited elements such as interest (riba) or unethical practices.
• Crypto tokens like Lista DAO, when structured without interest and compliant with Islamic ethical principles, can be considered halal.
• Islamic finance principles emphasize fairness and ethical dealings, which can apply to blockchain projects that avoid forbidden elements.