Toronto, Ontario, October 8th, 2024, Chainwire
clisBNB, developed by Lista DAO, is an innovative tool that offers BNB holders greater flexibility and control over their assets. Now available through BNB.xyz, a one-stop on-chain platform for BNB, primarily designed to bridge the gap between CeFi and DeFi. clisBNB offers BNB holders a new way to access Binance launchpool and Lista DAO CDP.
What is BNB.xyz?
With BNB Chain, ListaDAO, and Pancakeswap as core contributors, BNB.XYZ is a one-stop staking platform on the BNB chain, bridging the gap between DeFi and CeFi. The platform offers users competitive APRs, enhanced security, and exclusive features like strategic APY comparisons, Binance Launchpool reminders, and potential integrations with major platforms like Binance.com.
What is clisBNB?
clisBNB is a certificate token issued when users deposit BNB into a Collateralized Debt Position (CDP) on ListaDAO. Each clisBNB is pegged 1:1 to the amount of BNB deposited, maintaining a clear link between the token and the staked BNB. This innovative solution allows users to retain control of their BNB collateral while accessing a wide range of DeFi opportunities.
What Can clisBNB Do?
The primary function of clisBNB is to allow users to borrow lisUSD against their BNB collateral on ListaDAO, while still being able to participate in Binance launchpool using clisBNB. Users holding clisBNB in their Binance Web3 MPC wallet can leverage their BNB to join exclusive token launch events, earning new tokens without having to close their debt positions on Lista DAO.
This powerful combination of borrowing and participation in Binance Launchpool gives users more utility and flexibility with their BNB holdings, all through one seamless product.
Key Features of clisBNB:
clisBNB comes with several features that distinguish it from other tokens, providing users with focused utility while maintaining control over their assets:
- 1:1 Ratio with BNB: When users deposit BNB into a CDP on Lista DAO, they are issued clisBNB at a 1:1 ratio. This direct relationship ensures that for every BNB deposited, one clisBNB is created, maintaining a seamless link between the deposit and the certificate.
- Non-transferable Token: clisBNB is non-transferable. Once issued, clisBNB cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit, existing only within the context of the Lista DAO platform, ensuring security and focused usage.
- Automatic burn upon withdrawal: clisBNB is automatically burnt when users withdraw their BNB or the corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that clisBNB always accurately represents the amount of BNB in the user’s position.
- Minting clisBNB to Another Address: Users can choose to mint clisBNB to another address when depositing BNB. However, it will remain non-transferable after being sent. This allows delegation of certain actions related to another wallet.
How to Obtain clisBNB
Accessing clisBNB is straightforward. Users can visit ListaDAO’s deposit page, deposit their BNB into a CDP, and automatically receive clisBNB in return. From there, clisBNB can be used to participate in Binance Launchpool events via the Binance Web3 MPC wallet.
To ensure participation in Binance Launchpool events, it’s important that users utilize the Binance Web3 MPC wallet, which supports smooth interaction between the staked BNB and launch events.
clisBNB: Unlocking BNB Liquidity
clisBNB offers BNB holders a powerful way to unlock liquidity, borrow lisUSD, and participate in Binance Launchpool events without losing access to their collateral. By enhancing the utility and flexibility of staked BNB, clisBNB represents a significant advancement in DeFi solutions for BNB users.
With the introduction of clisBNB, BNB holders now have a seamless tool for managing collateral, participating in Binance launchpools, and accessing DeFi opportunities, all within a simple and secure process.
About BNB XYZ
BNB XYZ is a One-Stop on Chain Staking Platform for BNB, designed to bridge the gap between BNB CeFi and DeFi. It offers seamless staking solutions and optimizes the utility of both CeFi BNB and DeFi BNB, making it the go-to resource for all BNB users to maximize their potential earnings. Core contributors of BNB XYZ include PancakeSwap, Lista DAO, and BNB Chain.
Website: BNB.xyz
X (Twitter): BNBxyz
Core contributors: PancakeSwap, Lista DAO, BNB chain
Contact: Marketing team BNB.xyz [email protected]
This article was originally published on Chainwire
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