We are thrilled to announce the launch of our latest product update, slisBNBx. slisBNBx is a certificate-based token that provides additional utility and flexibility for users depositing BNB collateral into Lista DAO. As we continue to innovate and expand our ecosystem, slisBNBx brings new functionality and increases the composability of assets deposited in Lista DAO, enabling greater integration with other DeFi protocols.

slisBNBx is a “certificate” token that users receive after depositing BNB into a Collateralized Debt Position (CDP) on the Lista DAO platform. It is designed to represent the user’s BNB on a 1:1 ratio, ensuring that every slisBNBx is directly linked to the amount of BNB locked within the CDP. This means that for every 1 BNB that users deposit, they will receive 1 slisBNBx in return.

This product is specifically tailored for users who want to leverage their BNB deposits to participate in other DeFi activities on Lista DAO.

The primary function of slisBNBx is to allow users to borrow lisUSD against their BNB collateral on ListaDAO, and still be able to participate in Binance launchpool using slisBNBx. Users who hold slisBNBx in their Binance Web3 MPC wallet can leverage their BNB to join exclusive token launch events, earning new tokens without having to close their debt positions on Lista DAO.

This powerful combination of borrowing and participation in Binance Launchpool gives users more utility and flexibility with their BNB holdings, all through one seamless product.

slisBNBx comes with several features that distinguish it from other tokens, providing users with focused utility while maintaining control over their assets:

When users deposit BNB into a CDP on Lista DAO, they are issued slisBNBx at a 1:1 ratio. This direct relationship ensures that for every BNB deposited, one slisBNBx is created, maintaining a seamless link between the deposit and the certificate.

One important feature of slisBNBx is that it is non-transferable. Once issued, slisBNBx cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit and exists only within the context of the Lista DAO platform, ensuring its security and focused usage.

slisBNBx is automatically burnt or destroyed when users withdraw their BNB or the corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that slisBNBx always accurately represents the amount of BNB in the user’s position. Once the underlying BNB is withdrawn, the associated slisBNBx is removed from the system to prevent any mismatches in value.

slisBNBx offers users a unique feature: when depositing BNB into a CDP, they have the option to mint slisBNBx to another address. However, once this address has been chosen and the slisBNBx has been sent over, it will no longer be transferable to any other wallet. Having this function enables greater flexibility, especially for users who may want to delegate certain actions related to another wallet, such as the accumulation of stardust points.

However, this flexibility comes with some key restrictions:

• Only one address can be specified to receive slisBNBx at the time of deposit.

• If the underlying BNB or slisBNB is withdrawn, any slisBNBx minted to the secondary address is automatically destroyed.

• Being a new product, slisBNBx is currently still limited in functionality. As of now, it simply acts as a receipt for the BNB that users deposit and it cannot perform any operations on the Lista DAO platform.

It’s crucial to understand that slisBNBx is not a general-use token. Instead, it acts as a certificate for deposited BNB and holds no other operational utility other than allowing users to participate in Binance launch pool. Also, slisBNBx unlocks new opportunities for BNB locked on ListaDAO by improving composability, allowing it to interact seamlessly with other DeFi protocols, and capital efficiency, enabling users to make more productive use of their staked BNB. This opens the door for easier integration and greater utilization of the BNB deposited on Lista DAO across the DeFi ecosystem in the future.

Stay tuned for more updates as we continue to innovate and expand the Lista DAO ecosystem, bringing more opportunities and features to our community!

We are thrilled to announce the launch of our latest product update, slisBNBx. slisBNBx is a certificate-based token that provides additional utility and flexibility for users depositing BNB collateral into Lista DAO. As we continue to innovate and expand our ecosystem, slisBNBx brings new functionality and increases the composability of assets deposited in Lista DAO, enabling greater integration with other DeFi protocols.

slisBNBx is a “certificate” token that users receive after depositing BNB into a Collateralized Debt Position (CDP) on the Lista DAO platform. It is designed to represent the user’s BNB on a 1:1 ratio, ensuring that every slisBNBx is directly linked to the amount of BNB locked within the CDP. This means that for every 1 BNB that users deposit, they will receive 1 slisBNBx in return.

This product is specifically tailored for users who want to leverage their BNB deposits to participate in other DeFi activities on Lista DAO.

The primary function of slisBNBx is to allow users to borrow lisUSD against their BNB collateral on ListaDAO, and still be able to participate in Binance launchpool using slisBNBx. Users who hold slisBNBx in their Binance Web3 MPC wallet can leverage their BNB to join exclusive token launch events, earning new tokens without having to close their debt positions on Lista DAO.

This powerful combination of borrowing and participation in Binance Launchpool gives users more utility and flexibility with their BNB holdings, all through one seamless product.

slisBNBx comes with several features that distinguish it from other tokens, providing users with focused utility while maintaining control over their assets:

When users deposit BNB into a CDP on Lista DAO, they are issued slisBNBx at a 1:1 ratio. This direct relationship ensures that for every BNB deposited, one slisBNBx is created, maintaining a seamless link between the deposit and the certificate.

One important feature of slisBNBx is that it is non-transferable. Once issued, slisBNBx cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit and exists only within the context of the Lista DAO platform, ensuring its security and focused usage.

slisBNBx is automatically burnt or destroyed when users withdraw their BNB or the corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that slisBNBx always accurately represents the amount of BNB in the user’s position. Once the underlying BNB is withdrawn, the associated slisBNBx is removed from the system to prevent any mismatches in value.

slisBNBx offers users a unique feature: when depositing BNB into a CDP, they have the option to mint slisBNBx to another address. However, once this address has been chosen and the slisBNBx has been sent over, it will no longer be transferable to any other wallet. Having this function enables greater flexibility, especially for users who may want to delegate certain actions related to another wallet, such as the accumulation of stardust points.

However, this flexibility comes with some key restrictions:

• Only one address can be specified to receive slisBNBx at the time of deposit.

• If the underlying BNB or slisBNB is withdrawn, any slisBNBx minted to the secondary address is automatically destroyed.

• Being a new product, slisBNBx is currently still limited in functionality. As of now, it simply acts as a receipt for the BNB that users deposit and it cannot perform any operations on the Lista DAO platform.

It’s crucial to understand that slisBNBx is not a general-use token. Instead, it acts as a certificate for deposited BNB and holds no other operational utility other than allowing users to participate in Binance launch pool. Also, slisBNBx unlocks new opportunities for BNB locked on ListaDAO by improving composability, allowing it to interact seamlessly with other DeFi protocols, and capital efficiency, enabling users to make more productive use of their staked BNB. This opens the door for easier integration and greater utilization of the BNB deposited on Lista DAO across the DeFi ecosystem in the future.

Stay tuned for more updates as we continue to innovate and expand the Lista DAO ecosystem, bringing more opportunities and features to our community!