Product Update: Introducing Lista Innovation Zone

As the DeFi sector evolves, the narratives surrounding Liquid Staking and Restaking continue to dominate the conversation, capturing significant attention within the ecosystem. These methodologies have spurred the emergence of numerous competitors in the Liquid Staking Derivatives (LSD) and Liquid Restaking Tokens (LRT) spaces, highlighting the critical role these innovations play in enhancing the flexibility and efficiency of staking processes, while also expanding the utility and liquidity of staked assets.

In response to the growing needs of the ecosystem and the heightened demand for liquidity associated with these emerging asset classes, Lista DAO is planning to include eligible LST and LRT in our collateral offerings to borrow lisUSD. However, it is important to recognize that newly introduced tokens often carry greater risks compared to established native blockchain tokens like BTC, ETH, and BNB, and they might primarily offer value only in the short term.

In light of this, we will implement robust risk management strategies to support these tokens as collateral, but only on a temporary basis. Additionally, we aim to create an innovation zone specifically designed to explore and enhance the liquidity potential of these LRTs. This initiative is part of our ongoing commitment to adapt and innovate within the dynamic DeFi landscape, ensuring that our platform remains at the forefront of technological advancement and security.

The Lista Innovation Zone

The Lista Innovation Zone is a new initiative by Lista DAO designed to integrate new Liquid Restaking Tokens (LRTs) and Liquid Staking Derivatives (LSDs) into our ecosystem, by listing them as potential collateral options for borrowing lisUSD. This move reflects our commitment to keeping pace with the rapid innovations in the crypto and DeFi landscapes, ensuring that Lista does not fall behind in adopting new technologies and asset classes.

However, we are also acutely aware of the increased risks associated with these new assets, such as potential exploits and depegging events, which could compromise the stability and security of Lista’s platform. The Lista Innovation Zone represents our strategy to strike a delicate balance between embracing the fast-paced growth of the DeFi sector and maintaining the highest standards of safety and security for our users. This initiative will enable us to explore new possibilities cautiously and responsibly, ensuring that innovation does not come at the expense of our users’ trust and the integrity of our platform.

Hence, assets that are listed under Lista’s innovation zone will be subjected to more stringent security checks, and higher collateral ratio requirements.

New LST & LRT collaterals

With that being said, three new tokens will be listed as a collateral asset under the innovation zone.

1. weETH LRT (Etherfi)
2. ezETH LRT (Renzo Protocol)
3. STONE LST (Stakestone)

The parameters for borrowing these assets will be as follows:

1. Minimum collateral ratio (MCR): 200%
2. Total borrow limit: 500,000 lisUSD for each collateral
3. Minting fee: 0
4. Loan interest rate: 12.5%
5. Withdrawal options: ezETH/weETH/STONE respectively
6. Withdrawal fee: 0
7. Minimum borrow: 15 lisUSD
8. Minimum collateral deposit: 0.1 ezETH/weETH/STONE

Introduction to Ether.fi & weETH

eETH is Etherfi’s ETH Liquid Restaking Token that allows users to stake their ETH to accrue staking rewards and automatically restake their ETH in EigenLayer. weETH is the wrapped non-rebasing version of eETH that can be used throughout the DeFi ecosystem. Ether.fi is expanding its collaborations beyond Lista DAO to enhance the utility of weETH across a broad spectrum of DeFi platforms and partners. Notable collaborations include Balancer, Gravita, Pendle, Aura, and Maverick, among others.

Learn more about Etherfi here.

Introduction to Renzo Protocol & ezETH

ezETH is a liquid restaking token that represents a user’s restaked position within the Renzo platform. Users can deposit either native ETH or Liquid Staking Tokens (LSTs) and receive ezETH in return. This process integrates users seamlessly into the restaking strategy employed by Renzo, which is tailored to EigenLayer’s requirements.

Learn more about Renzo Protocol here.

Introduction to Stakestone & STONE

STONE is StakeStone’s native ETH LST, built on top of LayerZero. It has a multi-chain liquidity market that provides users with more use cases and yield opportunities across different blockchains seamlessly.

Learn more about Stakestone here.