The Cosmic Adventure Challenge has arrived — Let us go on Quests, and earn stardust!

What is this challenge about, and how do users participate? Let us explain the Challenge in greater detail.

What is the purpose of the Challenge?

The Challenge is Lista’s inaugural gamified point system campaign — allowing challengers to earn points, in the form of collecting stardusts, to ultimately receive an allocation for the Lista airdrop. At around 8am UTC+0, challengers will be ranked based on the number of stardusts collected across all 6 Quests. The more stardust a challenger collects in each Quest, the higher their ranking is likely to be. Challengers with a higher ranking and be placed in a higher percentile group, which will in turn award them with a larger share of the LISTA airdrop!

This is an exciting mission, isn’t it?

Season 1 of this thrilling Cosmic Adventure Challenge will take place between 5th Feb 00:00 UTC+0 and 29th Feb 23:59 UTC+0, with Season 2 beginning shortly after, All Lista Legends will have the opportunity during this period to farm as much stardust as possible.

CAC progress tracking and monitoring

The daily stardust accrual period will follow each natural daily cycle, i.e, 00:00 UTC+0 to 23:59 UTC+0 each day.

To track who our top challengers are, Lista’s Dapp will include a dashboard that displays the rankings of all challengers. A personal dashboard will also be included to show how many stardust each challenger has collected. Both dashboards will be refreshed daily at 8am UTC+0 to reflect the stardust collected by each challenger until this point, and for the challenger to understand where they currently stand.

Essentially, the data reflected on the dashboards will reflect the most up-to-date data based on the preceding day. For example, at 8am UTC+0 on 7th Feb, users will be able to see the current rankings based on the stardust accrued on 6th Feb, 23:59 UTC+0. Challengers will be able to view their cumulative accrued stardust daily, but only see their token allocation at the end of Season 1.

Lista will do our very best to ensure that stardust is fairly and accurately rewarded to users, and may have to make reasonable adjustments during the period of the CAC to uphold this. We seek the community’s kindness and patience as we strive to execute a fun and equitable campaign for everyone.

Personal dashboard

What Quests can challengers complete to earn stardust? How do we calculate the conversion from stardust earned in each Quest into a unique ranking? How does your ranking convert into an airdrop allocation?

All these Questions will be answered in this article, so read on!

What sort of Quests can challengers do to collect stardust?

The CAC will consist of different Quests across the BNB Smart Chain. Here are the 6 types of Quests you can do to earn stardust. Do note that Quest 1–5 will be calculated independently from 6 (more details explained later).

Table 1: Overview of each Quest, eligible platforms, weightages and airdrop allocations

How are stardusts awarded in each Quest, and what are the rules? Well, let’s look at that in the next section.

Collecting stardust for each Quest

Each of the 6 Quests will have certain rules that challengers should bear in mind.

We hope that users fully understand the calculation and accrual mechanism for stardusts:

1. All 6 Quests will follow a daily accrual period of a natural day, which is 00:00 UTC+0 to 23:59 UTC+0, with the data refreshing at 8am UTC+0 the following day.
2. The day of deposit will not be counted as a full day, i.e if you want your participation registered from 5th February, the funds should be in the relevant platforms by 4th February 23:59 UTC+0, this rule applies to all subsequent days of the CAC.
3. Should the value of the position change (e.g adding or withdrawing collateral, but still maintaining an active position), the lowest value maintained will be used as the basis to accrue stardust. Meaning, if within the full natural day, a user adds $1,000 of collateral, then reduces it to $500, and then increases it to $10,000, only 500 stardusts will be awarded. This applies mainly to Quest 1–5.

Note that the stardust displayed in each challenger’s personal dashboard (Quest 1–5) will directly incorporate the weightage assigned to each Quest respectively (as shown in Table 1), while the stardust displayed in Quest 6 is the raw stardust (no weightage given).

Quest 1 — Provide TVL on Lista (20% weight)

Simply put, challengers can earn stardust from this Quest by simply depositing collateral on Lista after the start date of the campaign. Any accepted collateral on Lista will be acceptable for this Quest. Challengers will be awarded 1 stardust for every dollar of TVL deposited each day. The stardust will then be multiplied by the weight of the task, which is displayed on the dashboard.

Example:

John deposited $1,000 worth of collateral into Lista shortly before 6th February 00:00 UTC+0 and he left his funds in till 00:00 UTC+0 on 7th February.

The number of stardust John will earn is = (value of collateral x no. of natural day periods x 20% weight) = 1,000 x 1 x 20% = 200 stardusts.

If John had withdrawn his collateral in less than 24 hours (i.e less than a full natural day period), for example, at 3pm UTC+0 on 6th February, he would earn no stardust that day. Challengers will be awarded stardusts for that day only if they complete the full daily accrual period.

What if challengers change the value of their collateral position, by either increasing or decreasing it?

Let’s see the next example:

What if John initially deposited $1,000 worth of ETH for the first three full naturdal days, but on the fourth day, he reduced his position to $500 worth of ETH, and increased his position to $2,000 worth of ETH on the fifth to the seventh day.

The Question is — how many stardusts did John earn throughout these 7 days?

Awarded stardusts = [(1,000 x 3) + (500 x 2) + (2,000 x 2)] x 20% = 1,600

John would have only received 500 points (pre-weighted stardust) for the fourth and fifth day because it was the lowest record amount during the daily accrual period of 00:00 UTC+0 to 23:59 UTC+0. This logic will apply to Quest 2,3,4 and 5 as well.

Thus, in week 1, John would have collected 1,600 stardusts for Quest 1.

Quest 2 — Borrow lisUSD on Lista (5% weight)

Quest 2 will have a similar calculation method to Quest 1 (increase TVL), in which every $1 of lisUSD borrowed in a full natural day period will equate to 1 stardust.

Example:

John borrowed 300 lisUSD across 7 full days.

Number of stardust collected = (value of loan taken out x no. of natural day periods x 5% weight) = (300 x 7) x 5% = 105 stardust

What if John adjusts his loan? Maybe for the first 3 days, John will take a loan of 300 lisUSD, but for the next 4 days, John decides to increase his loan position to $1,000.

John’s stardusts = [(300 x 3) + (1,000 x 4)] x 0.05 = (900+4,000) x 5% = 245 stardusts

Quest 3 — Deposit BNB on Synclub and mint slisBNB (40% weight )

Quest 3 is very similar to Quest 1, and the calculation method is the same as in Quest 1 (except this task carries 40% weightage), and that challengers have to mint slisBNB from the BNB deposited on Synclub for the action of depositing BNB into Synclub to be valid.

Please note that challengers will cease to accrue stardusts once a withdrawal is initiated. For example, Alice deposits $300 of BNB into Synclub on 6th February at 00:00 UTC+0 but initiates a withdrawal in 5 minutes. Alice will not receive any stardusts for her deposit.

Quest 4 & 5 — Provide liquidity in lisUSD (15% weight) or slisBNB liquidity pools (20% weight)

Challengers will also be rewarded if they provide liquidity for lisUSD and slisBNB liquidity pools. The table below outlines the eligible platforms for this Quest.

Table 2: Overview of eligible lisUSD Liquidity Pools

slisBNB (20% weight)

Table 3: Overview of eligible sliBNB Liquidity Pools

Example:

Similarly to the previous Quests, every dollar deposited during each full daily period will accrue 1 stardust. Let’s see some examples.

Mary deposited $100 of lisUSD and $100 USDC into Wombat Exchange’s “Smart lisUSD pool” for 5 full days.

Mary would have earned = (($100+$100) x 5) x 15% = 150 stardusts for her contribution to our LP on Wombat Exchange.

For slisBNB, the weightage given is 20% rather than 15%. Essentially, if Jasmine deposited $100 of liquidity into PancakeSwap’s slisBNB/BNB pool for a full natural day, Jasmine will receive = 100 x 1 x 20% = 20 stardust.

Quest 6 — Create lisUSD and slisBNB trading volume

Quest 6 is unique in terms of how we calculate how much allocation is awarded to each challenger. To recap, Lista has allocated 10% of our 2% allocation (i.e 0.2% total allocation) specifically for this Quest, and will be calculated independently of Quests 1–5.

For this Quest, here are the eligible platforms where the lisUSD and slisBNB trading volume generated will be relevant for the CAC. The full list of eligible Liquidity Pools for lisUSD and slisBNB in this Quest will follow the same as Quest 4 & 5, with the addition of trading futures using lisUSD as collateral on APX v2.

Table 4: List of eligible platforms for Quest 6

For this Quest, users will receive 1 stardust based on every $1 of trading volume generatåed during the period of the challenge.

Users can generate eligible trading volume on PancakeSwap, Wombat and Thena by making slisBNB and lisUSD-related swaps on the platform. For APX, users have to deposit lisUSD as collateral on APX V2 and participate in futures trading to generate eligible trading volume. Similarly, users must make swaps on eligible slisBNB pools to generate eligible trading volume.

How is the allocation calculated for this Quest?

Step 1: Challengers make eligible trades by swapping lisUSD, slisBNB or both on eligible platforms and pools.

Step 2: At the end of Season 1, the total trading volume generated by all challengers will be added.

Step 3: Each challenger’s total token allocation will be calculated using this formula — (challenger’s total trading volume in S1)/(all challengers’ total trading volume in S1) x (0.2% x total no. of LISTA tokens).

Simple right? Let’s drive it in with an example.

Example

Throughout Season 1, Jason accumulated $2,000 trading volume from swapping lisUSD and slisBNB and thus was accrued 2,000 stardust. Lisa earned 5,000 stardust from her trading her slisBNB and Mary earned 3,000 stardust from trading her lisUSD and slisBNB.

Thus, total trading volume and stardust generated by all participants is 10,000 stardust. Our three challengers’ allocation for Quest 6 will be as follows:

Jason = (2,000/10,000) x (0.2% x 1,000,000,000) = 400,000 LISTA

Lisa = (5,000/10,000) x (0.2% x 1,000,000,000) = 1,000,000 LISTA

Mary = (3,000/10,000) x (0.2% x 1,000,000,000) = 600,000 LISTA

Though in reality, there’s likely to be far more challengers participating in this Quest, this example should hopefully serve as an illustration of the way each challenger’s allocation is being calculated.

Already a Lista user?

Users who have been with Lista before the commencement of the CAC need not withdraw and re-deposit your funds, we will load historical data and include them in the CAC automatically if they are currently participating in any of the Quests.

How will my stardust be converted to an airdrop allocation?

Now, you are aware that doing these 6 Quests will award stardust. How are stardust converted into an airdrop allocation for each user?

As a recap, here are the 6 Quests, as well as the weightage for Quests 1–5, and the token allocation for each Quest. Please refer to table 1 above for an overview of each Quest’s weight.

From this table, users can understand that the total governance tokens for Quests 1,2,3,4,5 and Quests 6 have been allocated separately. Thus, Lista will also calculate the tokens awarded for completing Quest 1–5, and 6, separately. We have already explained how each challenger’s allocation is determined under the Quest 6 subsection, so here we will focus on explaining how we will determine each challenger’s allocation in Quest 1–5.

Converting stardust from Quest 1–5 into a token allocation

The final stardust accrued by each challenger will be determined using a weighted average, as seen in the table above.

The allocation = (Challenger’s stardust) / (all challenger’s stardust) x (1.8% x 1,000,000,000).

Confused? Let’s look at some detailed examples.

Example;

For all the examples, let’s assume that after adding up all Challenger’s stardust in Quest 1–5, the total number of stardust accrued for this Season is 100,000.

Challenger 1: Lisa

LISTA token allocation = (700/100,000) x (1.8% x 1,000,000,000) = 126,000 LISTA

Challenger 2: Jonathan

LISTA token allocation = (3,400/100,000) x (1.8% x 1,000,000,000) = 612,000 LISTA

Makes sense, right?

This final calculation will only be done at the end of Season 1, so do not fret if you are unable to see how many tokens you should be getting before then!

At Lista, we wish to encourage challengers to embark on the CAC as early as possible. To incentivize challengers to do so, we have designed a set of loyalty incentives to reward early challengers.

Users will be allowed to carry over part of their accrued points (pre-weighted stardust) from Season 1 into Season 2, with a variety of additional bonuses available to increase this amount. There are 3 different types of loyalty incentives, targeted towards Quests 1,2 and 3, that will be introduced for the CAC. Do note that the bonus points will however only be accrued in Season 2. This will allow early challengers who joined the CAC in Season 1 to enjoy a headstart and advantage in Season 2.

The specific percentage of points that can be carried over into Season 2 is currently undetermined but is estimated to be between ~ 5–50%, but solely for the purpose of education in this article, let’s assume that 10% of points accrued in Quests 1,2 and 3 can be carried over to Season 2.

For example, if 10,000 points was accrued in Season 1, Quest 1, the challenger can carry over 10%, (i.e 1,000 points), excluding any other loyalty bonuses, to Quest 1, Season 2.

Incentive #1 — First 7 days bonus

Challengers who participate in the first 7 days of Season 1 of the CAC will receive an extra 2% of points per day of participation (until the 7th day), and will be multiplied against the total number of points earned for the particular Quest in Season 1. Only Quests 1~3 are eligible for this incentive, and the eligible period for this bonus multiplier is between 5th Feb, 00:00 UTC+0 to 11th Feb 23:59 UTC+0.

Example 1

Louis deposited $100 of BNB into Synclub (Quest 3) consistently for the first 7 days of the CAC Season 1, but he initiated withdrawal on the 8th Day, allowing him to qualify for 7 days of this bonus (i.e 2% x 7 = 14%), should Louis decide to participate in the same Quest in Season 2.

In other words, at the start of Season 2, Louis will receive the carried over points from Season 1 + bonus points from this incentive, which equals to (100*7) x 10% x 114%= 79.8 bonus points.

Do note that for this incentive, only the bonus applies to the first 7 days, so even if Louis held onto his position until the 10th day, a maximum of 14% bonus points will be accrued to him in Season 2.

Example 2

Among the first 7 days of the CAC, Alice participated in Quest 1 but only on days 1, 5 and 8–20, resulting in a total of 5,000 points accrued in Quest 1 of Season 1.

As part of this loyalty incentive, Alice will receive a bonus multiplier of 2% x 2 days = 4% on all her points. Thus, in Season 2, Alice will be able to carry over 5000 x 10% x 104%= 520 points from Season 1.

Note that users are allowed to adjust their positions (e.g increasing or decreasing collateral provided in Lista) to qualify for the bonus but in order to remain eligible, they must maintain a consistent and active position.

Incentive #2 — Consistent participation bonus

A bonus of 20% extra points will be awarded for challengers who consistently participated in a particular Quest for the entirety of Season 1.

Example

Mary participated in Quest 2 and gained points every single day throughout Season 1. At the end of Season 1, Mary earned 10,000 points for Quest 2. Should Mary choose to continue in Season 2 of the CAC, she will receive an additional 20% bonus based on the points she earned in Season 1.

Similarly, Mary will be able to thus carry over 10% of her points in Season 1 including all eligible bonuses.

Thus, points carried over by Mary for Quest 2 of Season 2 = 10% of total points accrued in Season 1 x bonus from incentive 1 x bonus from incentive 2 = 10,000 x 10% x 114% x 120%= 1,368 points.

Incentive #3 — No withdrawal/repayment bonus

Naturally, we understand that users may wish to adjust their position throughout the CAC, and as long as users participate in the CAC, they may be eligible for bonus 1 and 2, regardless of whether their original position remains the same.

Challengers who qualify for this incentive will receive a 50% bonus on the points carried over to Season 2 — crazy, right? In other words, did not ever initiate repayment of loans, or withdrawal of collateral. This is highly advantageous for users who do not adjust their positions at all during the entire season of the CAC, or for users who may later choose to increase their position.

Similarly, incentive 3 is only applicable to Quests 1–3.

Example

In Season 1 Quest 1, Alice gained a total of 1,000 points. She never repaid any loans or initiated a withdrawal during the entirety of Season 1.

Thus, she is eligible to earn bonus incentives 1–3, and will be able to carry over 1,000 x 10% x 114% x 120% x 150% = 205.2 to Quest 1 of Season 2.

The key difference between incentive 2 and 3 is whether a user simply participated in the CAC or participated but never reduced their position.

Stay safe!

This is Lista DAO’s first ever point-based campaign, and with the community’s anticipation for our epic Cosmic Adventure Challenge, there may be unforeseen feedback, bugs or technical issues that we may have to fix. As a result, we may need to adjust certain parameters temporarily or even permanently to accommodate the situation. Lista DAO reserves the right to adjust these parameters, and we will make timely announcements to the community when this happens.

Additionally, the contract address of the lisUSD and slisBNB will not change even post rebrand, and will follow the original contract address of HAY and SnBNB. Please note and do not accept/buy tokens that are not affiliated with Lista!

During this time, there may be bad actors impersonating Lista employees during this time.. All admins will never DM first. All issues faced should be reported via the ticketing function on our official Discord and we aim to provide a response within 24 hours.

To ensure you are up to date, make sure you have followed our social media accounts, especially on Twitter and Telegram!

Are you ready for the challenge?

This is a truly exciting time to be part of the Lista growth story. To reiterate, our Cosmic Adventure Challenge will launch alongside our new Lista platform on 5th Feb. We will share the exact dates and time period when it is confirmed, and we hope to have many challengers embarking on this challenge!

Once again, challengers that encounter issues or doubts can open a ticket on our Discord. We recommend including your wallet address in the first message so that we can investigate.

Please note that to uphold a fair and positive experience for all users, Lista may, at its sole discretion, modify these terms and conditions without prior notice. This encompasses actions such as canceling, extending, terminating, or suspending the program.

In the next few weeks, we will be sharing more about our next chapter, including what it is like to borrow on our brand new Lista platform, and our governance token allocation — so stay tuned!

Stay connected with us:

Twitter: https://twitter.com/LISTA_DAO

Telegram: https://t.me/ListaDAO

Telegram CN: https://t.me/ListaDAO_CN

Discord: https://discord.gg/listadao

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