Crypto exchange Binance just unveiled the second digital asset that will be supported on its new token launch platform.
In April, the crypto titan launched Binance Megadrop, a platform with airdrops and Web3 quests that gives users early access to assets that are not yet listed on its exchange.
-->The first crypto project on the token launch platform is the native Bitcoin (BTC) restaking chain BounceBit.
In a new statement, Binance says Megadrop will now feature the asset of open-source liquidity protocol Lista (LISTA).
Lista says it enables users to earn yields on collateralized crypto assets such as BNB and stablecoins and borrow the project’s Lista USD (lisUSD), a new type of asset known as “destablecoin” that uses decentralized and liquid-staked crypto assets as collateral only.
Lista’s destablecoin is not designed to achieve absolute price stability with fiat currencies, but it’s also not supposed to be a fully volatile 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 is native to the BNB Chain ecosystem but it has plans to expand to multiple chains.
