Quick Insight into Binance Megadrop's Second Project: Lista DAO

On May 23rd, Binance announced the second project on its Megadrop platform—Lista (LISTA). Lista is a liquidity-staking stablecoin protocol based on the BNB chain, which has sparked significant interest within the crypto community.

Binance's New Token Issuance Model—Megadrop

Megadrop, Binance's innovative token issuance platform, integrates Binance Simple Earn and Binance Web3 Wallet, offering users a fresh way to earn rewards. Users participate by completing tasks specified by project teams via the Binance Web3 Wallet and locking BNB for points accumulation, determining their share of airdrop rewards based on these points. The Megadrop points mechanism allocates airdrop rewards based on the proportion of points held by individual users among all eligible participants.

Note: Users can earn points by completing specified tasks, even without locking BNB.

Megadrop's rules resemble those of Launchpool, but they are not in conflict. Users can participate in both Megadrop and Launchpool simultaneously, enjoying different staking mechanisms and rewards. While Launchpool primarily serves BNB holders, Megadrop aims not only to serve BNB holders but also to promote the Binance Web3 Wallet. Users must have an active Binance wallet and complete project tasks from the wallet interface to receive airdropped tokens. This not only expands the use cases for the Web3 Wallet but also provides users with more opportunities for earnings.

Introduction to ListaDAO

ListaDAO is a platform combining liquidity staking and decentralized stablecoin lending protocols based on the BNB chain. Founded in 2022, ListaDAO evolved from Helio Protocol, which focused on issuing overcollateralized stablecoin HAY with the aim of becoming the MakerDAO of the BNB chain. Through liquidity staking, users can stake BNB on the platform to earn PoS staking rewards and receive liquidity staking vouchers (slisBNB). These vouchers can be used for lending, LP, and other DeFi operations, generating additional yields.

In August of last year, Binance Labs announced a $10 million investment in Helio Protocol to support its transition into a liquidity staking platform and expansion to other networks. Subsequent rebranding officially transformed it into ListaDAO, with “Lista” derived from the combination of “liquid” and “staking,” representing its core functionality.

ListaDAO aims to leverage innovative liquidity staking solutions to establish lisUSD as a leading stablecoin in the cryptocurrency space. Users can stake and provide liquidity on the ListaDAO platform or use various decentralized collateral to borrow stablecoin lisUSD. The platform's high user engagement and total value locked (TVL) have experienced rapid growth, reflecting its popularity in the market. As of now, the TVL on the ListaDAO platform totals $434 million, including over $270 million in collateral value and approximately $158 million in liquidity staking assets.

The native token of ListaDAO, LISTA, is a BEP-20 token with a total supply of 1 billion tokens. The specific allocation is as follows:

• 100 million tokens issued via Megadrop, accounting for 10% of the total supply.

• 100 million tokens allocated for airdrops, also representing 10% of the total supply.

• 190 million tokens allocated to investors and advisors, comprising 19% of the total supply.

• 35 million tokens allocated to the team, representing 3.5% of the total supply.

• 400 million tokens allocated to the community, making up 40% of the total supply.

• 80 million tokens allocated to the DAO treasury, accounting for 8% of the total supply.

• 95 million tokens allocated for ecosystem development, comprising 9.5% of the total supply.

LISTA tokens serve as both governance tokens and economic incentives for the ListaDAO ecosystem. Token holders can vote on protocol governance decisions, receive protocol incentives, and earn token rewards by depositing, staking, and participating in governance on the platform. The governance and incentive mechanisms of ListaDAO are designed to drive long-term platform development and user participation.

Conclusion

Binance's Megadrop platform offers users new opportunities for earning rewards while promoting the widespread adoption of the Binance Web3 Wallet. The first Megadrop project, BounceBit, allowed users to earn approximately 50U at the token's peak price by simply completing tasks. As the second project of Megadrop, ListaDAO has garnered significant attention.