Crypto exchange Binance has just unveiled the second digital asset that will be supported on its new token launch platform.
In April, crypto titan Binance launched Megadrop, a platform with airdrops and Web3 quests that gives users early access to assets not yet listed on the exchange.
The first crypto project on the token launch platform is the native Bitcoin (BTC) chain regaining chain BounceBit.
In a new one rackBinance says Megadrop will now include the asset of open-source liquidity protocol Lista (LISTA).
List say it allows users to earn returns 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 is decentralized and liquid resource-based crypto assets used only as collateral.
Lista destablecoin is not designed to achieve absolute price stability with fiat currencies, but it should not be a completely volatile asset either.
“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 collateralized debt position (CDP).”
Lista says it is native to the BNB Chain ecosystem, but has plans to expand to multiple chains.
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Generated image: Midjourney