▫️Listapie (Lista DAO)
Last updated
Last updated
Lista DAO functions as an open-source liquidity protocol, enabling users to generate yields on collateralized crypto assets and borrow the decentralized stablecoin lisUSD. Lista DAO has integrated with Magpie to optimize its product functionalities, resulting in the creation of Listapie, a SubDAO within Magpie's structure, aimed at enhancing the veLISTA model's functionalities. The goal of this initiative is to extend DeFi's reach and influence, creating new opportunities for users and the broader community. Through Listapie, Magpie seeks to enhance Lista DAO's capabilities, strengthening its position within the DeFi landscape and offering additional benefits to its users.
LISTA serves as the governance token for Lista DAO. By locking their LISTA into veLISTA, users can enhance their yields and actively participate in the governance activities of Lista DAO.
veLISTA is a locked form of the LISTA token, making it non-tradable and non-transferable. To access voting rights and reward benefits, users must lock their LISTA into veLISTA within Lista DAO.
Listapie presents LISTA holders with the chance to earn increased LISTA rewards for their active participation. Additionally, it delivers cost-effective voting power to voters of Lista DAO and enables liquidity providers to benefit from higher APR% without the necessity of locking their LISTA tokens into veLISTA.
Stake mLISTA - LISTA holders can optimize their rewards for their active participation by converting their assets into mLISTA. By staking mLISTA on Listapie, users can earn higher rewards.
Boosted Yields - Thanks to Listapie's veLISTA holdings, liquidity providers can simply deposit their assets on the platform and enjoy enhanced rewards. This eliminates the need for them to individually lock their LISTA into veLISTA.
Cost-Effective Voting Power - The voting power accumulated by Listapie through veLISTA is distributed among vlLTP holders, allowing them to participate effectively in Lista DAO's governance. By locking LTP, Listapie's governance token, into vlLTP, holders gain access to its benefits. Vote-Locked LTP holders can earn rewards for their active participation and influence Lista DAO's governance, thus maximizing their rewards. Users must wait 60 days for their vlLTP to be fully unlocked and converted back to LTP.