Why does the Lista DAO launch the veLISTA model to promote the further development of stablecoins?

I've been paying attention to JD's stablecoin proposal these days, and I think it might challenge BUSD to become the third-largest stablecoin.

I was wondering if Binance would take any action when I saw @ListaDAO launch the $veLISTA community governance model, which is another significant move after LISTA went live on Binance.

What does this have to do with Binance? Let's take a look at the background:

1. LISTA is one of the three stablecoin protocols laid out by BNB Chain

In my previous analysis article: "Analyzing Why Sister Yi is Optimistic About Stablecoins: As the leader in stablecoins and staking protocols on BSC, after receiving the $LISTA airdrop: Should I sell, and when should I sell?"

https://link.medium.com/QmeN09LZvLb

In the article, we mentioned that BNB Chain has been developing stablecoin projects, such as:

🔸GrizzlyFi $GNHY, starting from stablecoin mining pools, planning to establish a focus on stablecoin exchange and issuance later;

🔸Pancake IFO project Wombat, preparing to create a curve on BSC;

🔸ListaDAO, planning to create a new stablecoin by combining Maker Dao's over-collateralization and the algorithmic stablecoin's Rebase mechanism.

Now, the veLISTA model launched by ListaDAO introduces the Curve Finance model, operating by locking LISTA tokens into veLISTA, which has already been very successful.

If this stablecoin on BSC can succeed, then BNB Chain will gradually establish its own central bank like Ethereum, and BSC will have the capability to compete with Solana, attracting traffic and trading without fearing whether JD's stablecoin will be successfully launched.

2. How does veLISTA work? (This is an additional benefit for holders)

Lista DAO launched the veLISTA and veToken governance model, which simply means that users stake the governance token $Lista of Lista DAO to mint veLISTA.

🔸Locking period ranges from 1 week to 52 weeks. The longer the lock-up time, the more $veLISTA you receive.

🔹Locking for 52 weeks = 52 veLISTA

🔹Locking for 20 weeks = 20 veLISTA

🔹Locking for 1 week = 1 veLISTA

🔗 https://lista.org/lock

After this news was released, the price of $Lista started to rise, and the number of on-chain staking users also showed an upward trend.

3. Earning rewards through staking is common, but does it have far-reaching implications?

Many people see the above and think this is just an activity launched by the project party to attract people to stake tokens, which is a normal thought since small investors don't need such high faith.

However, if we want to upgrade from "novice" to "intermediate" in Web3, from "debt" to "getting on track," we still need to understand the essence of the matter because when a project becomes popular, many clones will emerge, and whether you will be harvested by clones depends on your understanding of the circle. If your understanding is shallow, the probability of being harvested is much higher.

Lista DAO's launch of the veToken governance model gradually hands over the governance of the project to veLISTA holders, actively participating in protocol governance, including proposing proposals and voting.

Here, earning lock-up revenue sharing is just an additional item; voting governance is the main event and is also the most easily overlooked aspect.

In Lista's voting governance, it can enhance the returns of designated staking pools or liquidity pools, and users can leverage their abilities to contribute to the ecosystem. If you hold tokens in a certain pool, you are a stakeholder.

If you just joined, you might not feel it before Lista's platform grows, but as the TVL increases, the platform becomes a traffic pool, and various projects will come to negotiate cooperation. The community will vote on which platform to cooperate with, how to cooperate, and how to allocate rewards; your vote may sometimes be crucial.

As the pools on the Lista platform grow larger, the suggestions will become richer, encouraging more users to stake $Lista and convert it into $veLISTA, which is the core advantage of veToken.

Once this advantage is highlighted, the $veLISTA in your hands will also have value and can be used to generate more returns on cooperative platforms.

This is the external cycle.

4. Internal earnings of veLISTA

With an external cycle, there will naturally be an internal cycle. If the returns from the external cycle are uncontrollable, the internal cycle can be guaranteed by the official. Locking $Lista has two earnings distributed to users:

🔹The project will allocate more than 50% of ListaDAO's earnings to $veLISTA holders;

🔹A fixed amount of 250K LISTA will be distributed weekly to $veLISTA holders; future emission amounts will be decided by DAO voting.

🩸The emission of veLISTA is 250K, but the total amount given to the entire community is 312.5K.

Where do ListaDAO's earnings come from?

ListaDAO's earnings are not extracted from the treasury; that would be "robbing Peter to pay Paul." ListaDAO's earnings mainly come from:

🔹$veLISTA early withdrawal fees

🔹$lisUSD lending fees (lending situation shown below)

🔹$ETH/BNB early withdrawal fees

🔹LST rewards and operational commissions

5. Additional rewards for veLISTA

As mentioned above, LISTA will attract many projects to settle in, and users holding $veLISTA will receive additional rewards from the "external cycle."

The first cooperative project from the official is @Listapiexyz_io, and $veLISTA holders will receive extra rewards.

✅ By now, we basically understand the launch of the veLISTA and veToken governance model by Lista DAO. In the future, when encountering similar projects, we will also know the underlying logic.

Lista DAO is the third stablecoin project on BNB Chain, and it gained high popularity right from the start. Users who participated in the airdrop in the first half of the year have basically made money.

The tokens allocated for the Lista DAO airdrop (accounting for 10% of the total supply) have been unlocked by 8.5% at the launch, and the remaining 1.5% will be unlocked at the end of September. Please pay attention to the project's recent dynamics.

🩸Just a reminder: the unlock time for the team and VC is June 2025, so there won't be a harvest of retail investors.