At Lista DAO, we are thrilled to unveil the Lista DAO Final Sprint, our most significant product update of Q4 2024. This milestone represents the culmination of months of effort, bringing transformative features and enhancements to the lisUSD ecosystem. With this update, we aim to elevate the user experience, provide greater earning potential, and solidify lisUSD as a cornerstone of decentralized finance.

The first update in the Final Sprint introduces the peg stability module (PSM) mechanism for lisUSD, together with a brand-new staking product in LSR, and an exciting investment opportunity with the Stable Pool. These innovations are designed to empower our users with more flexibility, rewards, and utility while driving the growth and stability of our ecosystem. Let’s dive into the details of this game-changing update!

One of the most exciting updates is the introduction of seamless conversion between centralized stablecoins and lisUSD. At launch, users will be able to mint lisUSD using USDT, USDC, or FDUSD at a 1:1 ratio with a 0% mint fee. This fee-free conversion ensures that early adopters benefit from maximum value when participating in the ecosystem. However, it’s important to note that this 0% fee is not permanent. In the future, if lisUSD trades at a premium, a mint fee may be introduced, with fee adjustments made in precise increments of 0.01%.

The Peg Stability Module (PSM) will have a cap of 5 million lisUSD at launch, supporting the conversion of up to 5 million centralized stablecoins. If this cap is reached, adjustments will be made as necessary. To prepare for this, 5 million lisUSD will be pre-minted into the PSM contract before launch. For users who wish to convert lisUSD back into centralized stablecoins, a daily limit of 500,000 lisUSD will apply, constrained by the available reserves in the vault. These conversions will incur a 2% fee, although users are encouraged to swap on PancakeSwap for potentially better rates.

The centralized stablecoins acquired via the PSM will play a critical role in maintaining the stability of lisUSD, ensuring its value remains closely pegged to 1 USD.

Together with the PSM, we are also thrilled to announce the launch of LSR (lisUSD Savings Rate), a new staking product designed to replace the existing lisUSD staking pool. This upgrade offers users more flexibility and a streamlined experience while maintaining attractive earning opportunities.

Users who currently hold assets in the existing lisUSD staking pool will need to manually withdraw and migrate their assets to LSR. While there is no set deadline for migration, the current pool will no longer receive incentives, and its user interface will be maintained only until June 30, 2025. The staking contract will remain active until all assets are withdrawn.

The LSR introduces several enhanced features. It will offer a fixed interest rate that will initially be adjusted manually. The LSR pool will be capped at 30 million lisUSD to ensure sustainability, and no additional deposits will be allowed once the cap is reached. Withdrawals, however, will remain open.

Deposits and withdrawals can be made at any time, provided there is enough lisUSD in the pool. If the pool lacks sufficient liquidity, users will be able to withdraw their funds within a maximum of 14 days. The interest earned in LSR will compound per block, allowing users to benefit from exponential growth as today’s interest becomes tomorrow’s principal.

To further encourage the use of the PSM, Lista DAO is introducing the Stable Pool, an investment product that offers dual rewards. Users can deposit USDT or USDC into the Stable Pool, where their stablecoins will automatically convert to lisUSD via the PSM and be staked in LSR. This streamlined process simplifies participation and maximizes earning potential.

Depositors will receive two types of rewards: LISTA emission rewards, which are paid in LISTA, and LSR interest rewards, which are paid in lisUSD. It is important to note that withdrawals from the Stable Pool will be made in lisUSD rather than the originally deposited stablecoin. This is because the stablecoins are immediately converted to lisUSD upon deposit.

To ensure consistent emissions, users who deposit in the Stable Pool for a minimum of six months will enjoy uninterrupted LISTA emissions. Balances and emission quotas will be visible in LSR, allowing users to track their rewards and make informed decisions about their investments.

The centralized stablecoins deposited in the Stable Pool Vault will be actively managed to generate additional returns for the ecosystem. This approach allows us to maximize the efficiency and utility of these assets while ensuring they remain available for stabilizing lisUSD when needed.

To support these new initiatives, Lista DAO will reserve 50,000 lisUSD from recent interest earnings as a buffer for future interest payouts. This step ensures that our ecosystem remains sustainable and capable of meeting user expectations.

These updates represent a significant milestone in the evolution of Lista DAO, highlighting our dedication to innovation and user satisfaction. Whether you are minting lisUSD, staking in LSR, or investing in the Stable Pool, these new features are designed to provide stability, flexibility, and rewards.

Stay tuned for more updates as we continue to expand and enhance the Lista DAO ecosystem. Together, we are redefining stablecoin utility and decentralized finance with lisUSD.

At Lista DAO, we are thrilled to unveil the Lista DAO Final Sprint, our most significant product update of Q4 2024. This milestone represents the culmination of months of effort, bringing transformative features and enhancements to the lisUSD ecosystem. With this update, we aim to elevate the user experience, provide greater earning potential, and solidify lisUSD as a cornerstone of decentralized finance.

The first update in the Final Sprint introduces the peg stability module (PSM) mechanism for lisUSD, together with a brand-new staking product in LSR, and an exciting investment opportunity with the Stable Pool. These innovations are designed to empower our users with more flexibility, rewards, and utility while driving the growth and stability of our ecosystem. Let’s dive into the details of this game-changing update!

One of the most exciting updates is the introduction of seamless conversion between centralized stablecoins and lisUSD. At launch, users will be able to mint lisUSD using USDT, USDC, or FDUSD at a 1:1 ratio with a 0% mint fee. This fee-free conversion ensures that early adopters benefit from maximum value when participating in the ecosystem. However, it’s important to note that this 0% fee is not permanent. In the future, if lisUSD trades at a premium, a mint fee may be introduced, with fee adjustments made in precise increments of 0.01%.

The Peg Stability Module (PSM) will have a cap of 5 million lisUSD at launch, supporting the conversion of up to 5 million centralized stablecoins. If this cap is reached, adjustments will be made as necessary. To prepare for this, 5 million lisUSD will be pre-minted into the PSM contract before launch. For users who wish to convert lisUSD back into centralized stablecoins, a daily limit of 500,000 lisUSD will apply, constrained by the available reserves in the vault. These conversions will incur a 2% fee, although users are encouraged to swap on PancakeSwap for potentially better rates.

The centralized stablecoins acquired via the PSM will play a critical role in maintaining the stability of lisUSD, ensuring its value remains closely pegged to 1 USD.

Together with the PSM, we are also thrilled to announce the launch of LSR (lisUSD Savings Rate), a new staking product designed to replace the existing lisUSD staking pool. This upgrade offers users more flexibility and a streamlined experience while maintaining attractive earning opportunities.

Users who currently hold assets in the existing lisUSD staking pool will need to manually withdraw and migrate their assets to LSR. While there is no set deadline for migration, the current pool will no longer receive incentives, and its user interface will be maintained only until June 30, 2025. The staking contract will remain active until all assets are withdrawn.

The LSR introduces several enhanced features. It will offer a fixed interest rate that will initially be adjusted manually. The LSR pool will be capped at 30 million lisUSD to ensure sustainability, and no additional deposits will be allowed once the cap is reached. Withdrawals, however, will remain open.

Deposits and withdrawals can be made at any time, provided there is enough lisUSD in the pool. If the pool lacks sufficient liquidity, users will be able to withdraw their funds within a maximum of 14 days. The interest earned in LSR will compound per block, allowing users to benefit from exponential growth as today’s interest becomes tomorrow’s principal.

To further encourage the use of the PSM, Lista DAO is introducing the Stable Pool, an investment product that offers dual rewards. Users can deposit USDT or USDC into the Stable Pool, where their stablecoins will automatically convert to lisUSD via the PSM and be staked in LSR. This streamlined process simplifies participation and maximizes earning potential.

Depositors will receive two types of rewards: LISTA emission rewards, which are paid in LISTA, and LSR interest rewards, which are paid in lisUSD. It is important to note that withdrawals from the Stable Pool will be made in lisUSD rather than the originally deposited stablecoin. This is because the stablecoins are immediately converted to lisUSD upon deposit.

To ensure consistent emissions, users who deposit in the Stable Pool for a minimum of six months will enjoy uninterrupted LISTA emissions. Balances and emission quotas will be visible in LSR, allowing users to track their rewards and make informed decisions about their investments.

The centralized stablecoins deposited in the Stable Pool Vault will be actively managed to generate additional returns for the ecosystem. This approach allows us to maximize the efficiency and utility of these assets while ensuring they remain available for stabilizing lisUSD when needed.

To support these new initiatives, Lista DAO will reserve 50,000 lisUSD from recent interest earnings as a buffer for future interest payouts. This step ensures that our ecosystem remains sustainable and capable of meeting user expectations.

These updates represent a significant milestone in the evolution of Lista DAO, highlighting our dedication to innovation and user satisfaction. Whether you are minting lisUSD, staking in LSR, or investing in the Stable Pool, these new features are designed to provide stability, flexibility, and rewards.

Stay tuned for more updates as we continue to expand and enhance the Lista DAO ecosystem. Together, we are redefining stablecoin utility and decentralized finance with lisUSD.