LISUSD
lisUSD
$0.9986
0.00%
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| HAY | BEP20 | BNB | 0x0782b6d8c4551B9760e74c0545a9bCD90bdc41E5 | 2022-08-11 |
About lisUSD
lisUSD (lisUSD) is a decentralised stablecoin soft-pegged to the US Dollar, created by Lista DAO. It is generated through an over-collateralised debt position mechanism, allowing users to borrow against assets like BNB and ETH. lisUSD is utilised for transactions, borrowing, lending, and staking within the DeFi ecosystem.
lisUSD (lisUSD) is a decentralised stablecoin that is soft-pegged to the US Dollar. It is part of the Lista DAO ecosystem, designed to maintain its value through over-collateralisation mechanisms. Users generate lisUSD by locking supported cryptocurrencies, such as BNB, ETH, slisBNB, and wBETH, as collateral within the Lista protocol. The platform ensures lisUSD's stability through a system of collateralised debt positions (CDPs) and robust risk management frameworks. This stablecoin operates on the BNB Chain and plays a central role in the decentralised finance (DeFi) offerings of Lista DAO.
lisUSD serves multiple functions within the Lista DAO ecosystem:
Medium of Exchange: Users can utilise lisUSD for transactions, payments, and trading within the decentralised finance (DeFi) space.
Borrowing and Lending: By depositing collateral into the Lista protocol, users can borrow lisUSD, providing liquidity without the need to sell their underlying assets. BSC DOCS
Staking and Yield Generation: Holders can stake lisUSD in various liquidity pools to earn rewards, contributing to the overall liquidity and stability of the ecosystem.