Crypto alternate Binance simply unveiled the second digital asset that will likely be supported on its new token launch platform.
In April, the crypto titan launched Binance Megadrop, a platform with airdrops and Web3 quests that offers customers early entry to property that aren’t but listed on its alternate.
The primary crypto undertaking on the token launch platform is the native Bitcoin (BTC) restaking chain BounceBit.
In a brand new assertion, Binance says Megadrop will now function the asset of open-source liquidity protocol Lista (LISTA).
Lista says it permits customers to earn yields on collateralized crypto property resembling BNB and stablecoins and borrow the undertaking’s Lista USD (lisUSD), a brand new kind of asset generally known as “destablecoin” that makes use of decentralized and liquid-staked crypto property as collateral solely.
Lista’s destablecoin shouldn’t be designed to attain absolute price stability with fiat currencies, but it surely’s additionally not purported to be a completely unstable asset.
“The intent behind Lista DAO is to propose a solution to the capital efficiency problem of overcollateralized stablecoins experience by allowing users to leverage their funds with a collateral debt position (CDP).”
Lista says it’s native to the BNB Chain ecosystem but it surely has plans to increase to a number of chains.
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