The position of List DAO in the BNB Chain ecosystem is self-evident. This project, formed by the merger of Helio Protocol and Synclub, has received strategic funding support in the tens of millions. Its positioning is very clear—integrating liquidity staking, decentralized stablecoins, and lending into a comprehensive DeFi infrastructure.

Looking at their product matrix, it’s clear that they are both innovative and highly practical. The slisBNB liquidity staking token allows BNB stakers to earn up to 33% total return. Currently, over 620,000 BNB are staked there. Meanwhile, lisUSD, as the only native decentralized stablecoin on the BNB Chain, has a circulation of nearly $50 million, supporting multi-asset over-collateralization. The newly added PSM exchange and D3M automatic integration features are quite user-friendly, enabling stakers to earn over 40% returns. There’s also a new feature, clisBNB, which directly releases liquidity of the collateral assets, connecting on-chain DeFi with official Launchpool new token opportunities.

The tokenomics are also being optimized. The total supply of LISTA has been reduced from 1 billion to 800 million through community proposal burns, using a veToken model. Locked tokens allow users to participate in governance and share protocol revenues. Circulating supply is only about 18%, and phased unlocking of tokens for investors and the team ensures a stable ecosystem.

In terms of security, multiple audits have been conducted by authoritative institutions such as Peckshield and Slowmist. The peak TVL reached $664 million, ranking among the top four LSDfi protocols on BNB Chain. They adopt a vault-based isolated market lending model to control risk, supporting permissionless market creation. This approach ensures high security while maintaining composability, making it an important hub connecting on-chain and off-chain yields.