Previously, we talked about waking up 'sleeping assets'. Continuing to unveil@ListaDAO the 'two-step magic' to achieve this goal:
Step one: Give your assets an 'active pass' (liquid staking)
You deposit your BNB into Lista, and Lista will stake it for you, immediately giving you a 'liquidity certificate' called slisBNB. This certificate represents your staked BNB, and it not only automatically accumulates staking rewards but, more importantly, it can circulate freely in the DeFi world!
Step two: Borrow 'universal cash' (mint stablecoins) with a 'pass'
You can use the slisBNB you hold as collateral to borrow (mint) a decentralized stablecoin called lisUSD on the Lista platform. lisUSD is like the 'dollar' of the DeFi world; you can use it for trading, wealth management, participating in liquidity mining, or anything else you want to do.
Look! Through these two steps, the BNB you stake earns staking rewards while you also hold it in the form of lisUSD to earn a second return.
This is the core charm of Lista: one asset, two returns.
You may ask, what is the difference between Lista's liquid staking certificate slisBNB and regular staking? Isn't it just a 'deposit receipt'?
No, it's far more than that. slisBNB is a 'living', appreciating proof of asset.
1. Automatic appreciation: You don't need to do anything; the value of the slisBNB in your wallet will automatically increase with the accumulation of BNB staking rewards. Today, your 1 slisBNB might correspond to 1 BNB, and a year later it might correspond to 1.04 BNB.
2. DeFi composability: This is the most critical point! slisBNB is a standard BEP-20 token, which means it can be accepted and used in major DeFi protocols on the BNB chain just like any other token.
You can use it to form LPs on decentralized exchanges to earn fees; as collateral in lending protocols; and of course, here on the Lista platform itself, to borrow lisUSD.
Traditional staking gives you 'dead' returns. Through Lista, you get a 'golden bowl' that can both earn interest and be actively used.
Disclaimer: The content of this article is for personal learning and sharing only and does not constitute any investment advice. The market has risks, and investments should be made cautiously; please do your own research (DYOR).
