How I explain @lista_dao + Launchpool to Grandma 👵🪙
My grandma has some money and wants to join the @binance launchpool:
If the money she has is NOT BNB:
1️⃣ Put her BTCB / ETH (or other coins) into Lista Lending as collateral
2️⃣ Borrow BNB against it
3️⃣ Stake that BNB in the @Binance Launchpool to farm airdrop
If she has BNB:
🔹Easy mode
1⃣Liquid-stake BNB → slisBNB
2⃣Use slisBNB in Launchpool via @BinanceWallet
🔹Advance mode
1⃣Deposit BNB in a CDP → mint clisBNB, use clisBNB in Launchpool via @BinanceWallet
2⃣Borrow out lisUSD, loop or deploy lisUSD elsewhere for extra yield
Quick tip:
In the scenario of @binance luanchpools, use Lista lending if you don't have BNB; use CDP and liquid staking if you already have BNB and wants more rewards.
Any other questions? Asking for my grandma🫶