Lista DAO is excited to announce our strategic partnership with BounceBit, a leader in CeDeFi infrastructure. BounceBit offers institutional-grade yield products, innovative restaking use cases, and CeDeFi as a service, making high-yield opportunities accessible to everyone.
This collaboration marks a significant milestone for Lista DAO as we integrate BounceBit’s BBTC as part of our collateral options, enabling users to borrow lisUSD under Lista’s Innovation Zone.
Bitcoin on BounceBit (BBTC)
Bitcoin serves as an additional ecosystem token for BounceBit, acting as an anchor to bootstrap the BounceBit network. Its low volatility, deep liquidity, and high accessibility make it suitable as foundational assets that secure an EVM network.
BBTC is the representation of Bitcoin on the BounceBit chain. It can be seen as a wrapped version of Bitcoin with enhanced functionalities, allowing the utilization of BTC beyond merely being a store of value. BounceBit enables staking and restaking for Bitcoin.
Loan Parameters
BBTC will be integrated into Lista DAO as a collateral to borrow lisUSD with the following parameters:
Minimum collateral ratio: 200%
Total borrow limit: 500,000 lisUSD
Minting Fee: 0
Loan interest rate: 12.5%
Withdrawal options: BBTC
Withdrawal fee: 0
Minimum Borrow amount: 15 lisUSD
Minimum deposit amount: 0.001 SolvBTC
Conclusion
BTC continues to dominate the cryptocurrency market, attracting significant interest, particularly from institutional investors. By introducing BBTC as collateral for borrowing lisUSD, Lista DAO is strategically entering the BTCFi market via BounceBit. This integration not only boosts the utility of lisUSD but also increases its demand, thereby solidifying our position and expanding our offerings.
