Product Update: FDUSD classic collateral integration

At Lista DAO, we are always looking for ways to expand the utility and flexibility of our platform for our community. In line with our mission to offer more diverse and reliable collateral options, we are excited to announce the introduction of FDUSD as a new collateral option for minting lisUSD. FDUSD will be listed under Lista DAO’s classic collateral with the following parameters:

• Minimum Collateralization Ratio: 110%

• Loan Limit: 5M

• Mint Fee: 0%

• Borrowing Interest Rate: 7%

• Withdrawal Options: FDUSD

• Withdrawal Fee: 0%

• Minimum Borrow Amount: 15 lisUSD

• Minimum Deposit Amount: 100 FDUSD

What is FDUSD?

FDUSD, launched in June 2023 by First Digital Labs, is a stablecoin designed to maintain a 1:1 peg with the U.S. dollar. It is fully backed by cash or cash-equivalent reserves held by First Digital Trust. As of now, FDUSD boasts a market cap of $2.7 billion, according to CoinMarketCap.

Why Add FDUSD as Collateral?

Adding FDUSD as a collateral option provides our users with greater flexibility in managing their assets while unlocking new opportunities for secure and cost-efficient borrowing.

As a trusted and audited stablecoin, FDUSD ensures a high level of stability and security, making it an ideal choice for collateral in decentralized finance (DeFi) protocols. This integration empowers users to leverage their stablecoin holdings with confidence, enhancing both their financial strategy and overall DeFi experience. Hence, whether your goal is to access liquidity, participate in DeFi strategies, or optimize your asset management, FDUSD serves as a reliable and stable access for users to tap into Lista DAO’s ecosystem.

Conclusion

The integration of FDUSD into Lista DAO is part of our ongoing effort to provide users with more flexible, cost-effective, and secure options in managing their assets. Whether you’re a new user or a seasoned DeFi participant, FDUSD offers an excellent collateral choice for unlocking liquidity and engaging with the broader DeFi ecosystem.

Stay tuned for more exciting updates and product launches at Lista DAO, as we continue to enhance the possibilities within the DeFi space.