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Toronto, Ontario, October 8, 2024, Chainwire
clisBNB, developed by Lista DAO, is an innovative tool that offers BNB holders greater flexibility and control over their assets. Now available via BNB.xyz, a unique on-chain platform for BNB, primarily designed to bridge the gap between CeFi and DeFi. clisBNB offers BNB holders a new way to access the Binance launch pool and Lista DAO CDP.
What is BNB.xyz?
With BNB Chain, ListaDAO and Pancakeswap as a core contributor, BNB.XYZ is a unique staking platform on the BNB chain, bridging the gap between DeFi and CeFi. The platform offers users competitive APRs, strong security, and exclusive features such as strategic APY comparisons, Binance Launchpool boosters, 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 linked 1:1 to the amount of BNB deposited, maintaining a clear link between the token and the BNB staked. This innovative solution allows users to maintain control of their BNB collateral while accessing a wide range of ‘DeFi opportunities.
What can clisBNB do?
The main function of clisBNB is to allow users to borrow lisUSD against their BNB collateral on ListaDAO, while also being able to participate in the Binance launch pool using clisBNB. Users who hold clisBNB in their Binance Web3 MPC Wallet can leverage their BNB to participate in exclusive token launch events, thereby earning new tokens without having to close their debt positions on Lista DAO.
This powerful combination of borrowing and participating in Binance Launchpool gives users more utility and flexibility with their BNB holdings, all through one seamless product.
Main features of clisBNB:
clisBNB comes with several features that set it apart from other tokens, providing users with targeted utility while maintaining control of their assets:
1. 1:1 Ratio with BNB
When users deposit BNB into a CDP on Lista DAO, they receive clisBNB in a 1:1 ratio. This direct relationship ensures that for each BNB deposited, a clisBNB is created, maintaining a transparent link between the deposit and the certificate.
2. Non-transferable token
An important feature of clisBNB is that it is non-transferable. Once issued, clisBNB cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit and only exists in the context of the Lista DAO platform, ensuring its security and targeted use.
3. Auto burn when removing
clisBNB is automatically burned or destroyed 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 location. Once the underlying BNB is withdrawn, the associated clisBNB is deleted from the system to avoid any mismatch in value.
4. Create clisBNB to another address
clisBNB offers users a unique feature: when depositing BNB to a CDP, they have the option to create clisBNB at another address. However, once this address is chosen and the clisBNB sent, it will no longer be transferable to another wallet. This function allows greater flexibility, especially for users who wish to delegate certain actions linked to another wallet, such as the accumulation of stardust points.
However, this flexibility comes with some key restrictions:
- Only one address can be specified to receive clisBNB at the time of deposit.
- If the underlying BNB or slisBNB is withdrawn, any clisBNB issued to the secondary address is automatically destroyed.
How to get clisBNB
Accessing clisBNB is a simple process. Users can visit the ListaDAO deposit page, where they can deposit their BNB into a Collateralized Debt Position (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 is important that users use the Binance Web3 MPC wallet, which supports smooth interaction between staked BNB and launch events.
clisBNB: unlock BNB liquidity
clisBNB offers BNB holders a powerful new way to unlock liquidity, borrow lisUSD, and participate in Binance Launchpool events without losing access to their collateral. By improving the utility and flexibility of the BNB staked, clisBNB represents a significant advancement in DeFi solutions for BNB users.
With the introduction of clisBNB, BNB holders now have a seamless tool to manage collateral, participate in Binance launch pools, and access DeFi opportunities, all in one simple and secure process.
About BNB XYZ
BNB XYZ is a unique on-chain staking platform for BNB, designed to bridge the gap between BNB CeFi and DeFi. It offers transparent staking solutions and optimizes the utility of CeFi BNB and DeFi BNB, making it the go-to resource for all BNB users to maximize their potential earnings. Top contributors to BNB XYZ include PancakeSwap, Lista DAO, and BNB Chain.
Website: https://BNB.xyz
X (Twitter): https://x.com/BNBxyz
Main contributors: PancakeSwap, Lista DAO, BNB chain
Contact
Marketing team
BNB.xyz
(email protected)
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