📍Introduction

Listapie

Listapie is a DeFi platform created by Magpie that provides yield and veTokenomics enhancement services.

Lista DAO

Lista DAO is a permissionless DeFi liquidity protocol built on BNB Chain that offers users the ability to collateralize BNB, ETH, and stablecoins to borrow the decentralized stablecoin, lisUSD, also known as a "Destablecoin". The platform implements the veToken model for its governance token LISTA. LISTA holders can lock their tokens as veLISTA on Lista DAO to own governance rights and earn rewards. In order to get the maximum benefits of veLISTA, users must lock their LISTA for up to 1 year.

How does Lista DAO work?

Lista DAO allows users to collateralize their BNB, ETH, and stablecoins to borrow the lisUSD destablecoin. The protocol incorporates various mechanisms to enable instant conversions, asset collateralization, borrowing, and yield farming. Lista DAO aims to position the lisUSD Destablecoin as the most widely used one by leveraging Proof-of-Stake (PoS) rewards and yield-bearing assets.

Listapie: Empowering Lista DAO

Listapie brings a solution that supports Lista DAO to maximize its long term value. The protocol enables LISTA holders to earn rewards for active participation, provides Lista DAO voters with cost-effective voting power, and is set to allow depositors on the platform to gain increased APR% without needing to lock LISTA tokens as veLISTA.

Listapie offers LISTA holders the opportunity to earn substantial rewards by converting their governance tokens (LISTA) into mLISTA. Users can stake mLISTA on Listapie to earn enhanced rewards for their active participation on the platform in the form of LISTA tokens.

When users convert their LISTA into mLISTA, Listapie automatically locks the converted LISTA as veLISTA within Lista DAO. This mechanism enables LISTA holders to earn greater rewards through mLISTA, while also granting Listapie governance rights and an increased APR% as a depositor on Lista DAO and decreasing the circulating supply of LISTA.

Thanks to Listapie's veLISTA holdings, liquidity providers can deposit their assets on the platform and earn increased LISTA rewards without having to lock any LISTA as veLISTA by themselves.

The voting power accumulated by Listapie through its veLISTA holdings is distributed among vlLTP holders, allowing them to participate in Lista DAO's governance cost-effectively. LTP is the governance token of Listapie, and it can be locked as vlLTP to access its benefits. Vote-Locked LTP holders can earn rewards for their active participation from the platform and influence Lista DAO's governance efficiently while simultaneously maximizing their rewards.