In just 2 short months, the project #ListaDao has caused a storm on DeFiLlama with an unimaginable TVL growth, from 400 million USD ➡️ over 1.8 billion USD, recording a performance of over 450%.

The TVL chart is skyrocketing, and here are 2 extremely hot questions that need immediate answers:

1️⃣ Who has "fired up" the TVL of #ListaDAO? What is causing such a strong influx of funds?

2️⃣ $LISTA is about to explode? Will the rise of TVL lead to a huge pump for the token?

What caused the TVL to "explode"?

🔥 It is thanks to the BNB Liquid Staking pool with an incredible APY of up to 38.9%.

💰 This interest rate "better than anywhere else" has pulled in nearly 910,000 $BNB, equivalent to ~600 million USD poured into the protocol in a short time.

⛓️ A strong flow of money = skyrocketing TVL is not too hard to understand.

But where does the money come from to pay such "huge" interest? 🤯

With nearly 910,000 $BNB staked, the project must pay over $230 million in interest each year! So what source can "bear" that?


These are the 3 main revenue sources currently:

1. Staking rewards from BNB Chain.

Only bringing back 0.73% APY, almost not enough to cover the promised interest.

2. Revenue from transaction fees.

According to DefiLlama, the protocol earns about ~0 million USD/year – a figure that is too small compared to the payment commitment.

3. Income from lending.

But currently, only under 10% of collateralized assets are being lent out.

⚠️ This means that lending activities are almost not efficiently exploited – this is a risk that needs to be closely monitored.

4. The "magic yield" trick from Launchpool?

Most of the 38.9% interest that Llista Dao commits is said to come from what is called:

👉 Launchpool Compound Yield Rate: 38.17% – meaning taking BNB to farm on Binance Launchpool.

But... is this figure realistic? 🤔

📊 Actual data from Binance Launchpool 2025 shows:

  • There are ~30 Launchpool projects from the beginning of the year until now.

  • With 910,000 BNB, each project only brings in about 1 – 1.5 million USD.

👉 In total, only ~30–45 million USD.

🧮 Even at the most optimistic, if there are 60 more Launchpool projects from now until the end of the year, the total estimated income would only be around 90–135 million USD.

💥 The issue here: Committed to paying over $230 million, but the maximum revenue under the "rosiest" scenario is only enough for just over half of that.

⚠️ Is the figure of 38.17% APY being exaggerated?

SUMMARY – A BIG GAMBLE BY LISTADAO.

The project is "burning money" to attract liquidity with extremely high interest rates – but the payment sources still have many big questions.

With a commitment of up to 38.9% APY, while the actual cash flow is only enough for a part, ListaDAO is playing an extremely risky gamble to expand market share.

⚠️ Investing in $LISTA at this time is accepting high risks.

👉 Please consider carefully before "putting in money", whether it's buying tokens or participating in high-yield pools.

💡 The higher the profit – the greater the risk. Don't let FOMO cloud your judgment.