Hello CAKE holders! 🥞
For those who haven't checked the news lately, In PancakeSwap we are thrilled to say hello again to our IFOs!
IFOs are a way to obtain new tokens using CAKE! In May, we welcomed ListaDAO project to IFO, you can check all the details here: https://x.com/PancakeSwap/status/1795065331074867319
Anticipating the big day, we held an AMA with Kay from the ListaDAO team to get to know the project more before!
If you missed participating in the AMA, read this article and learn about their project before participating!
Kay: Hi there everyone, My name is Kay, I am the Marketing Manager at Lista DAO. Super excited to meet you all!
[Q1]: What is ListaDAO?
Answer: Lista DAO functions as a open-source liquidity protocol where users can borrow our stablecoin, lisUSD, against a variety of crypto assets including ETH, BNB, and their respective LRTs & LSTs.
Additionally, we also have our own liquid staking infrastructure where users can deposit BNB & mint slisBNB. We currently have over $550M in TVL and we plan to continue growing within the LSDfi space, becoming the heart of LSDfi on BNB chain.
[Q2]: What makes Lista DAO stand out from the rest of its competitors?
Answer: One of the Largest TVL in terms of decentralized stablecoin on BNBchain, offering 10% APR in real yield , a very safe option for users to participate in.
Other than just being a CDP protocol, we have our own LST infrastructure for slisBNB.
[Q3]: lisUSD has a single staking pool of ~10%, which is impressive for a stablecoin, but how does lisUSD generate yield?
Answer: We generate yield from borrow rates, liquid staking rates, withdrawal fees, liquidation fees, etc, and a portion of these fees are directed towards lisUSD single staking pool, rewarding ~10% APR in lisUSD rewards.
[Q4]: What is the CAC campaign and what can users expect in Season 3?
Answer: Season 3 will operate in short cycles called “Epochs.” Each Epoch lasts around seven days, for example from Saturday to Friday (UTC +0). Allowing rules to be adjusted based on real-time observations and participant feedback, updated every epoch.
And for S3: Starting from 20th June, 2024, users will have a 30-day window to claim their airdrop allocation via the Lista DAO website.Any tokens not claimed by July 19, 2024, at 23:59 UTC will be redirected to support the ecosystem’s development initiatives.
The airdrop for s1 and s2 has been announced.
[Q5]: What are some of the latest updates that Lista DAO is excited about? What can users look forward to in the upcoming quarter?
Answer: - TGE : in three days
LST, LRT collateral options solvBTC, BTCB (entry into BTCfi market)
Also have something cooking for the community, but is a surprise, will be happening around the TGE.❤️
Q1: What are the minimum collateral requirements to borrow lisUSD? Are there different risk assessments based on the type of collateral used?
Answer: The minimum amount to borrow is 15 lisUSD. Different classed assets have different collateral ratios. For example BNB min collateral ratio is 150%, ETH is 110%, where ezETH is 200%.
Q2: How does the protocol differentiate itself from other decentralized stablecoin protocols, and what are the key competitive advantages?
Answer: Destablecoins differ from the conventional 4 stablecoin types currently in the market. There are four main types of stablecoins:
Fiat-backed (BUSD) Crypto-backed (DAI) Algorithmic (USDD) Commodity-backed (PAXG).
Like other crypto-backed stablecoins, destablecoins will utilise the overcollateralized model backed by crypto assets such as DAI. However, the key differences are:
Destablecoins are fully decentralized. Crypto-backed stablecoins such as DAI leverage on centralized crypto assets such as USDC, while destablecoins such as lisUSD will use decentralized assets as collateral. Additionally, destablecoins will also leverage liquid-staked assets.
Secondly, destablecoins aims to achieve stability broadly without an absolute peg fiat currencies. All currencies are different and have varying reference rates, so price fluctuations should be considered a norm defined by the market instead of aiming for a sense of absolute price stability at all cost. Similarly with destablecoins, it does not aim to achieve absolute price parity with US $1 as a primary objective nor rely on fiat assets as the backed collateral.
Q3: How is @lista_dao involved in educating the broader public about blockchain technology, and what initiatives or programs are in place to raise awareness and provide educational resources?
Answer: Hi there, Thanks for asking!
Lista DAO, as a decentralized finance (DeFi) protocol, inherently educates the public about blockchain technology through direct participation. By engaging with our platform, users gain firsthand experience with key concepts like collateralization, borrowing, yield farming, and governance in the blockchain space. This participatory approach allows users to learn by doing, which is often more impactful than theoretical knowledge alone.
Additionally, Lista DAO is proactive in raising awareness and educating the broader public through various initiatives. We have developed a range of campaigns, detailed guides, and incentives designed to enhance user understanding and engagement. These resources are tailored to guide new users through the complexities of DeFi and blockchain, ensuring they can participate effectively and understand the underlying mechanisms.
Q4: Strategic partnership is key to the solidity of every project. In this course, Can you tell us more about the your ecosystem partner program? which companies are you currently partnering with? are you planning to get new partners? and What kind of partnership are you looking for?
Answer: Yes, Strategic partnerships are very important. Here is a list of our partners.
After our TGE and the veLISTA token, our community will get to decide which partnership or integrations they will prefer, and our community can vote on partnerships.
Q5: Why did you decide to build your platform on the BNB Blockchain, what's the reasons and will @lista_dao build on other Blockchains probably in the future?
Answer: One of the reasons we are built on BNB chain is that it offers High Performance and Scalability. The BNB Chain offers high transaction throughput and low latency, which are essential for DeFi applications that require fast and efficient processing. Its ability to handle a large volume of transactions at lower costs compared to other platforms is particularly beneficial for a liquidity protocol like Lista DAO, where quick and economical transactions are crucial.
We plan to build on the Ethereum blockchain next, Building on Ethereum will allow Lista DAO to reach a broader audience, integrate with a larger array of DeFi products, and continue to innovate in the space.
The ListaDAO team prepared a few questions in a form. Users had to fill their public wallet address (not your private keys), Answers and Telegram/Discord username. Some lucky users who answered all correct have received a reward!
If you want to participate in this kind of events, follow up in our social channels to find out when the next AMA will be!
🗓️ IFO Sale Time: From 19 June 2024, 09:30 AM UTC to 20 June 2024, 09:30 AM UTC.
How to participate in IFO?
The Chefs 🐰