Seeing @lista_dao listed on the Korean Exchange today, I actually feel very normal, and I even think it's only a matter of time, because it is now the largest lending protocol native to BNBChain, with a TVL of over $1.57 billion, which is not comparable to ordinary charting protocols.
Liquid Staking has a single module of more than $740 million, which is very close to the initial stage of Lido.
The daily revenue of the agreement has exceeded $8,500, and the annualized revenue is $4.8 million+, which means that the real cash flow is rising, and the positive closed loop has been run.
The Staking APY was as high as 17.97%+, which is clearly an attractive player compared to the traditional DeFi interest rate system.
More importantly, it is not just a single-module protocol, but the only composite protocol on BNB Chain that has the trinity of LSD, lending, and stablecoins at the same time, that is:
Mint your own stablecoins, release your own leverage, control your own liquidity, and provide full-stack one-stop services
This structure is spelled out by Lido + Aave + MakerDAO on Ethereum, but on BNB, Lista is a protocol that is done natively
In the past month, the number of active wallets has increased by 32%+ month-on-month, and the TVL growth rate is among the top five in the entire chain;
Non-incentivized TVL accounts for more than 70%, indicating that most of the lock-up is spontaneously participated by real users, not relying on airdrops or swiping
Moreover, lisUSD, a stablecoin, is a stable pegged asset minted by over-collateralizing slisBNB/BNB/ETH, and has begun to be widely used in on-chain lending, liquidity pools, and LP rewards
To be honest, this protocol is now a money-making machine: you stake → mint stablecoins→ and then participate in lending→ get LP rewards→ take → of income and re-stake, all of which are completed in a closed loop within Lista
The launch of the Korean exchange is just the beginning, and as long as TVL and real revenue continue to grow in the future, the market will sooner or later realize that it is a structural alpha
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