Binance, the popular crypto exchange, has announced that it will soon support a new DeFi altcoin on its Megadrop token launch platform.
What is Megadrop?
Launched in April, Megadrop is a platform that gives users early access to assets that are not yet listed on Binance’s exchange. It features airdrops and Web3 quests to engage users.
New Altcoin: Lista
The second asset to be supported on Megadrop is Lista (LISTA), an open-source liquidity protocol. Lista allows users to:
- Earn yields on collateralized crypto assets like BNB and stablecoins
- Borrow Lista USD (lisUSD), a new type of “destablecoin” backed by decentralized and liquid-staked crypto assets
Unlike traditional stablecoins, lisUSD is not designed to maintain a stable price against fiat currencies. Instead, it aims to balance stability and volatility.
Lista’s Plans
Lista is currently native to the BNB Chain ecosystem but plans to expand to multiple chains in the future.
Disclaimer:
This article is not investment advice. Please conduct thorough research before investing in any cryptocurrency./p>
