Over 45,000 Users Engage in Binance Megadrop’s New Project Lista DAO (Including Step-by-Step Tutorial)

Original | Odaily Star Daily
Author | Asher


On May 23rd, Binance announced that the second project of the token issuance platform Megadrop is Lista (LISTA). Users can obtain airdrop rewards by purchasing BNB fixed-term products on the Binance Megadrop platform or by completing the BounceBit Quest through the Binance Web3 wallet. 10% of the total token supply will be used for this event. Just last night, the entrance to the Binance Web3 wallet activity was opened, and as of now, more than 45,000 users have participated, indicating its popularity.
So why can Lista DAO go online on the Binance Megadrop platform, and how should novice users (who only need 0.01 BNB to participate) participate in this “profitable venture”? Odaily Star Daily will introduce it to everyone based on official information.
Lista DAO: Liquidity Staking and Decentralized Stablecoin Lending Protocol


Image Source:
Official Twitter
Introduction
Lista DAO is a liquidity staking and decentralized stablecoin lending protocol. Users can stake and provide liquidity on Lista, as well as borrow lisUSD using a range of decentralized collateral. As of today, the total value locked (TVL) on the Lista DAO platform is as high as $474 million, with a monthly growth rate of over 30%, ranking fourth among applications in the BSC ecosystem. Among them, the value of collateral exceeds $300 million, and the value of liquidity staked assets is approximately $168 million.


ListaDAO platform TVL
On the Lista DAO platform, users can borrow stablecoin lisUSD by collateralizing native assets such as ETH, BNB, or slisBNB, etc., in an overcollateralized manner. It is worth noting that the annualized yield for staking lisUSD stablecoin is as high as 22.59%.


Staking annualized yield for lisUSD stablecoin is 22.59%
Financing
Lista DAO, formerly known as Helio Protocol, was created in 2022 and is the issuer of overcollateralized stablecoin HAY, aiming to become the Maker DAO protocol on the BNB chain.
On August 11, 2023, Binance Labs announced a $10 million investment in Helio Protocol to help it continue its transformation into a liquidity staking platform and expand to other networks.


ListaDAO financing situation
Token Economic Model
According to a research report released by Binance Research Institute, the native token of Lista DAO, LISTA, is a BEP-20 token with a total supply of 1,000,000,000. The specific allocation is as follows:
Binance Megadrop: 100,000,000 LISTA, accounting for 10% of the total supply;
Airdrop: 100,000,000 LISTA, accounting for 10% of the total supply;
Investors and advisors: 190,000,000 LISTA, accounting for 19% of the total supply;
Team: 35,000,000 LISTA, accounting for 3.5% of the total supply;
Community: 400,000,000 LISTA, accounting for 40% of the total supply;
DAO Treasury: 80,000,000 LISTA, accounting for 8% of the total supply;
Ecosystem: 95,000,000 LISTA, accounting for 9.5% of the total supply.


LISTA token economics


LISTA token release schedule
LISTA Token Utility
LISTA is the governance token of Lista DAO, used for the following functions:
Governance: LISTA token holders can vote on protocol governance decisions;
Protocol incentives: Users can earn LISTA tokens as rewards when they borrow lisUSD using collateral or provide liquidity mining in the lisUSD and slisBNB pools;
Voting: Users can lock their LISTA tokens as veLISTA and vote for the collateral they want to use to mint lisUSD and the liquidity pools they want to receive higher LISTA token emissions from;
Fee sharing: Users who lock LISTA tokens as veLISTA will also be eligible for fee sharing.
Lista DAO Project Web3 Task Operation Demonstration


Binance Megadrop Second Project: Lista DAO
Note: According to user feedback from the first project of Binance Megadrop, BounceBit, there was an issue with the inability to verify after completing tasks (popup prompt as shown below). The reason is that the Binance Web 3 wallet was not newly created but imported externally. Therefore, participation in Binance Megadrop requires creating a new wallet in the Binance Web 3 wallet.


This participation in Lista DAO is relatively easy, and the specific process is as follows (assuming the Binance Web 3 wallet has already been created and deposited with some BNB):
STEP 1. Go to the Binance homepage and enter Megadrop


STEP 2. Select Lista, scroll down the page and click “Do Tasks” then select “Start Now”


STEP 3. Connect your wallet and select the Binance Web 3 wallet, then click “Stake”


STEP 4. Enter 0.01 BNB and click Stake (0.01 BNB is sufficient), and a prompt will appear once the deposit is successful


STEP 5. Return to the Megadrop activity main page for task verification