Lista USD(LISUSD)

Overview

Lista USD (LISUSD) is an over-collateralized, US dollar-pegged stablecoin issued by Lista DAO, a liquidity and lending protocol built on BNB Chain. The project was previously known as Helio Protocol and issued a token called HAY, described as a 'destablecoin'; after merging with Synclub and rebranding to Lista DAO, HAY was converted to LISUSD at a 1:1 ratio.

Users mint and borrow LISUSD by depositing BNB, liquid staking tokens such as slisBNB, and other approved collateral, with liquidations triggered when a position falls below its required collateral ratio. Governance is handled through the LISTA token, which holders use to vote on parameters such as fees, supported collateral types, and risk settings.