Listapie: Navigating The LSDfi with Lista DAO
As DeFi continues to develop, innovation is the fuel that drives this ever-expanding field. At the core of this progression are user-centric solutions that catalyze expansion and perpetually extend the boundaries of what is achievable. In harmony with the advancement of this vibrant domain, and committed to propelling the continuous progression of decentralized finance, we are delighted to announce our integration with Lista DAO, the leading Liquid Staking-focused platform by TVL on BNB Chain. This collaboration has given rise to Listapie, a new SubDAO presented by Magpie, with a focused mission to enhance the key functionalities of Lista DAO’s innovative veLISTA framework. In embracing this strategic direction, we are set to expand the scope and impact of DeFi, creating novel opportunities for user engagement and community-wide advancement.
What is Lista DAO?
Lista DAO is a decentralized autonomous organization that innovates in the DeFi space, focusing on liquid staking and CDP services. With Lista DAO, users can participate in liquid staking by staking their BNB tokens as lisBNB and slisBNB, mint a stablecoin named lisUSD by depositing collateral, or utilize lisUSD for reliable value storage and transactions. The LSTs created by Lista DAO, as well as lisUSD, can be used by users across different platforms within decentralized finance to benefit from active participation rewards opportunities.
What is LISTA?
LISTA is the governance token of Lista DAO, offering several utilities. Users have the option to lock their LISTA tokens within the platform to increase their yields and participate in voting processes.
veLISTA
veLISTA represents a non-tradable and non-transferable form of the LISTA token. For users to access voting and earn rewards for their activity benefits, they must lock their LISTA tokens as veLISTA within Lista DAO.
Listapie: A SubDAO to Navigate LSDfi
Listapie, introduced by Magpie, serves the dedicated purpose of fostering the long-term growth of Lista DAO. Its primary aim is to gather LISTA tokens and lock them as veLISTA, thereby acquiring heightened yield benefits and governance authority within Lista DAO.
Listapie enables LISTA holders to earn enhanced LISTA rewards. Also, it provides cost-effective voting power to voters across the Lista DAO ecosystem and offers depositors the opportunity to enjoy higher APR% without the necessity of locking any of their LISTA tokens as veLISTA.
mLISTA
LISTA holders have a valuable opportunity to optimize their rewards by converting their assets into mLISTA. This allows users to stake their mLISTA on Listapie, leading to enhanced active user engagement rewards from the platform in the form of LISTA tokens.
On Listapie, the process of converting LISTA tokens into mLISTA results in the immediate locking of the converted LISTA as veLISTA within Lista DAO. This mechanism not only ensures LISTA holders receive increased rewards through mLISTA but also empowers Listapie with governance capabilities and access to a higher APR% on the platform.
Thanks to Listapie’s veLISTA holdings, liquidity providers can conveniently deposit their assets on the platform and benefit from increased rewards, eliminating the need for individual LISTA locking as veLISTA.
The voting power accumulated by Listapie through veLISTA is distributed among vlLTP holders, allowing them to efficiently participate in Listapie’s governance. LTP, Listapie’s governance token, can be locked as vlLTP, granting access to its benefits. Holders of Vote-Locked LTP can earn a portion of the platform’s revenue and influence Lista DAO’s governance, maximizing their rewards. Users must wait 60 days for their vlLTP to fully unlock and convert back to LTP.
Listapie Benefits for the Lista DAO Ecosystem
- For LISTA Holders: If you possess LISTA tokens, you have the opportunity to convert them into mLISTA via Listapie. By staking mLISTA on our platform, users can earn a portion of the revenue generated by Listapie, which is distributed as LISTA.
- For Depositors: The Listapie platform prioritizes acquiring veLISTA, enabling it to offer improved active participation rewards opportunities to depositors. This approach ensures that even risk-averse individuals can achieve higher earnings without the necessity of locking up their LISTA or directly managing veLISTA.
- For Lista DAO Voters: Listapie provides an efficient avenue for acquiring voting rights within Lista DAO. To control the voting power of the veLISTA amassed by Listapie, users can obtain LTP tokens and subsequently lock these as vlLTP in Listapie. This mechanism not only empowers users to participate in the governance decisions of Listapie and Lista DAO but also secures them a more substantial portion of voting rights and revenue. Additionally, LTP via Listapie offers the perk of a diminished lock-up duration compared to the direct veLISTA design.
The LTP Token
LTP serves as both the governance and active user engagement rewards token for Listapie. By locking LTP as vlLTP, users can receive earnings from the platform while also engaging in the governance of both Listapie and Lista DAO.
vlLTP
vlLTP, or Vote-Locked LTP, represents the locked form of the LTP token within Listapie. Users who choose to lock their LTP tokens on Listapie are granted vlLTP at a 1:1 ratio.
- Governance Rights: vlLTP enables users to actively participate in the governance of Listapie, empowering them to contribute to the platform’s future and its decision-making activities.
- Participation in Listapie: Holding vlLTP permits users to engage in the governance of Lista DAO. As vlLTP holders are in charge of the veLISTA gathered by Listapie, they acquire voting rights in the decision-making processes of Lista DAO.
- Participation Incentives: By holding vlLTP, acquired by locking LTP, users are entitled to receive active participation rewards. A part of Listapie’s earnings is allocated to vlLTP holders, encouraging continuous engagement.
- Voting Incentives: vlLTP holders can benefit from incentives offered by Listapie’s partners who aim to secure governance votes to augment their pool emissions. These incentives are available by voting in the Listapie bribery market.
Safety Measures
At Listapie, user security and trust are paramount. In our pursuit of transparency and strength, we have subjected our systems to comprehensive evaluations by leading professionals in the field. To boost our platform’s security, we have implemented an advanced multi-signature mechanism across all our smart contracts. Our commitment to protection is evidenced by successful collaborations with renowned platforms like Pendle Finance, PancakeSwap, and Radiant Capital, securing over 900 million in TVL. Our goal at Listapie is to offer the Lista DAO community an unmatched, safe, and profitable experience in decentralized finance.
LISTA RUSH Is On The Horizon
Calling all LISTA enthusiasts! We’re excited to share the news about the imminent LISTA RUSH event. This special initiative is designed to reward those who opt to exchange their LISTA for mLISTA on Listapie, presenting them with a portion of the total LTP supply. Mark your calendars and stay tuned for additional information about the LISTA RUSH kickoff. Don’t miss this chance to boost the worth of your LISTA holdings.
The integration between Magpie and Lista DAO through Listapie is designed to propel the advancement of Lista DAO while simultaneously expanding the Magpie ecosystem. Expected outcomes of this collaboration include enhanced involvement in governance, increased avenues for active participation rewards, and improved user interaction. Also, it aims to promote the lock-up of LISTA tokens, thereby consolidating the robustness of the Lista DAO platform. A continuous commitment exists to enhance user interactions by providing a refined selection of active participation rewards possibilities within a more cohesive and efficient decentralized finance ecosystem.
About Listapie: Listapie is an advanced SubDAO developed by Magpie to enhance the enduring viability of Lista DAO’s CDP and liquid staking services. As a yield and veTokenomics service provider, Listapie’s primary function is to lock LISTA tokens as veLISTA on Lista DAO. This action empowers Listapie to attain superior yields and increased voting power within Lista DAO, delivering exceptional opportunities for LSDfi participants.
