FAQ
What is Lista?
Lista DAO functions as the open-source decentralized stablecoin lending protocol powered by LSDfi. Users can undergo staking and liquid staking on Lista, as well as borrow lisUSD against a variety of decentralized collateral. Present on the BNB Chain and Ethereum, Lista aims to position lisUSD as the number one stablecoin in the crypto space, leveraging on innovative liquid staking solutions.
Is Lista audited?
Yes, Lista is audited multiple times by some of the best Web3 security auditors in the space such as Peckshield, Veridise, Slowmist, Blocksec and Supremacy. You can find the audit reports here.
What is lisUSD?
lisUSD is Lista’s decentralized stablecoin pegged to the USD, and is fully over-collateralized by crypto assets such as BNB, ETH, slisBNB and wBETH. In phase 1, lisUSD leverages on the MakerDAO models on BNB Chain for a decentralized and unbiased stablecoin product.
What is slisBNB
slisBNB is the native yield bearing and liquid staking token for BNB, built by Lista DAO. slisBNB appreciates against BNB in line with BNB’s staking APR, allowing users have the freedom to earn additional yields on different DeFi platforms while earning staking rewards passively.
What is collateral?
Collateral is any asset which a borrower must provide to take out a loan, acting as a security for the debt.
What does collateral ratio mean?
This is the ratio between the dollar value of the collateral deposited by the borrower and amount of debt borrowed in lisUSD.
The collateral ratio will fluctuate over time as the price of the collateral changes. Borrowers can influence the ratio by adjusting collateral and/or debt — i.e. adding more collateral or paying off some of your debt in lisUSD.
For example: Let’s say the current price of BNB is $2000 and you decide to deposit 1 BNB as collateral. If you borrow 400 lisUSD, then the collateral ratio for your debt position would be 2000:400 = 500%. If you borrowed 1000 lisUSD, then the collateral ratio of your debt position would be 2000:1000 = 200% instead.
What is the minimum collateral ratio & borrow amount to borrow lisUSD?
Currently, Lista offers a range of collateral assets (BNB, ETH, and BNB/ETH LSTs) as collateral on BNBchain.
Users can borrow lisUSD against the following collateral assets:
1) BNB
Requirements:
Minimum Borrow: 100 lisUSD
Minimum Collateral Ratio: 150%
Minimum Collateral Deposit: 1 BNB
Borrowing Fee: NIL
Withdrawal Fee: 0.1%
Withdrawal Options: BNB/ slisBNB/ AnkrBNB/ BNBx/ stkBNB
2) slisBNB (ListaDAO)
Requirements:
Minimum Borrow: 100 lisUSD
Minimum Collateral Ratio: 150%
Minimum Collateral Deposit: 1 slisBNB
Borrowing Fee: 1.5% APY
Withdrawal fee: 0.1%
Withdrawal Options: BNB/ slisBNB/ AnkrBNB/ BNBx/ stkBNB
3) ETH
Requirements:
Minimum Borrow: 300 lisUSD
Minimum Collateral Ratio: 110%
Minimum Collateral Deposit: 0.5 ETH
Borrowing Fee: NIL
Withdrawal Fee: 0.1%
Withdrawal Options: ETH
3) WBETH (Binance)
Requirements:
Minimum Borrow: 300 lisUSD
Minimum Collateral Ratio: 110%
Minimum Collateral Deposit: 0.5 WBETH
Borrowing Fee: 1.5% APY
Withdrawal Fee: 0.1%
Withdrawal Options: WBETH
What fees are involved when users borrow lisUSD?
For borrowers, the borrowing interest may vary depending on the type of collateral used.
On BNB chain:
For loans against ETH and BNB tokens, the borrowing interest will be set at 0% APY
For loans against slisBNB and wBETH,borrowing interest will be set at 1.5% APY
How can users earn on Lista?
Users can earn with Lista in a variety of ways. They can liquid stake their BNB into slisBNB, which accrues BNB staking rewards. They can provide liquidity for slisBNB and lisUSD in various liquidity pools such as PancakeSwap, Wombat Exchange, ThenaFi, Curve and Uniswap to further earn trading and LP fees.
Do refer to our point system article here to learn how you can be eligible for our airdrop [insert hyperlink to article].
Please note that while we strive to maintain price stability, lisUSD may not always be perfectly pegged to the USD, and it can deviate slightly in both directions under stressful market conditions.
Will my position be liquidated on Lista?
Yes, liquidations are a common concept in lending protocols like Lista, and thus, users need to be aware that their loan positions are at risk of being liquidated if they no longer have sufficient collateral to maintain the MCR of the loan.
For example, if you are a borrower, and the value of your collateral drops below the MCR of 150%, liquidation will occur. You will still keep your borrowed lisUSD, but your borrowed position will be closed and your collateral will be used to compensate liquidators.
Are users at risk of losing their funds?
As a non-custodial system, all the tokens sent to the protocol will be held and managed by smart contracts without the interference of any person or legal entity. That means your funds will only be subject to the rules set forth in the smart contract code.
Although Lista DAO has rigorously designed our platform and audited our code, there may be additional unforeseen risks, and thus not all risks can be fully excluded.any DeFi protocol and investment carries risk. Lista DAO has made our code and audit reports available online, and users are welcome to assess the risk themselves.
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