Summary
This is a proposal to launch the second season of Turbo&Stable fund for slisBNB on BNB Chain.
Project Description:
What is slisBNB:
slisBNB is the native yield-bearing and liquid staking token for BNB, built on Lista DAO. slisBNB appreciates against BNB in line with BNB’s staking APR, allowing users to have the freedom to earn additional yields on different DeFi platforms while earning staking rewards passively.
Fund Specifications:
Underlying Asset: slisBNB
Chain: BNB Chain
Multiplier: 2x (slisBNB in LP will receive 2X points, Turbo will receive 20X)
Interest rate: 12%
Duration: Season 2 will start on 3 Oct 2024, and end on 27 Mar 2025 at 2 pm UTC
Protocol(s): ListaDAO
Motivation:
As the only staking-bearing BNB that allows users to participate in Binance launchpool now, the slisBNB fund is ideal for anyone participating in the launchpool who also wants to take advantage of an amplified points yield.
As one of the long-time cabinet validators on BNB Chain, we would like to explore not just the liquid staking opportunities on BNB Chain, but also the broader Binance ecosystem yield opportunities (such as launchpool) to form a lego of yield our users, and slisBNB would a great gateway for this.
References/Useful links:
Website: ListaDAO website, ListaDAO points
Documentation: https://docs.bsc.lista.org/
Audit: Audit Reports | Lista Docs
About BNB Launchpool:
Binance Launchpool Supports DeFi BNB Assets in Binance Web3 Wallet | Binance Announcements, Binance News, DeFi BNB Assets
Snapshot voting will be up till 14:00 UTC, Oct. 2, 2024. All veCHESS on BNB Chain and Ethereum before&when the Snapshot voting starts will be eligible for voting.