- Lista DAO has upgraded to Chainlink Value Feeds on BNB Chain, securing the $180 million BNB-USD market and lisUSD stability by dependable information.
- Chainlink secures $17 trillion in transaction worth and is trusted by establishments like Swift and high DeFi protocols like Aave and GMX.
Lista DAO, a number one liquid staking and Collateralized Debt Place (CDP) protocol on the BNB chain, has made a big leap ahead. The platform upgraded from Redstone to Chainlink Value Feeds on the BNB Chain mainnet, making certain seamless entry to dependable and tamper-resistant market information. This shift strengthens the biggest market, BNB-USD, which boasts a complete worth (TVL) of $180 million, along with enhanced safety for lisUSD markets.
.@lista_dao – a liquid staking and CDP protocol with over $600 million in TVL – has been upgraded to the #Chainlink customary for verifiable market information on @BNBCHAIN.
Chainlink Value Feeds’ tamper-resistant information helps safe Lista DAO’s BNB and lisUSD markets.https://t.co/KE7t6PyZuY pic.twitter.com/ryGzFVfL0N
— Chainlink (@chainlink) December 13, 2024
“Upgrading to the Chainlink customary for verifiable information was an apparent selection as a result of Chainlink affords probably the most safe and dependable infrastructure. Integrating Chainlink Value Feeds will considerably enhance safety and supply the dependable market information wanted to assist strong markets,” stated Terry, co-founder of Lista DAO.
The mixing with Chainlink displays a calculated choice by Lista DAO to undertake infrastructure trusted inside the decentralized finance trade (DeFi). Chainlink’s popularity for securing tens of billions in sensible contract worth helps its widespread adoption, particularly throughout unstable occasions akin to flash crashes, alternate outages, and information manipulation assaults.
Chainlink improves Lista DAO safety
Chainlink’s Value Feeds present a number of options that improve the Lista DAO ecosystem. The Oracle decentralized community gives aggregated market information sourced from premium aggregators. This ensures honest asset costs derived from volume-weighted averages throughout quite a few exchanges. Such precision protects the platform in opposition to anomalies akin to API downtime and information manipulation, together with flash lending.
Excessive-quality information mixed with safe node operators present an unparalleled layer of reliability. Unbiased, security-rated Oracle nodes guarantee uninterrupted service, even throughout excessive fuel costs or community congestion. Transparency additional defines Chainlink’s infrastructure, offering strong monitoring instruments and publicly accessible popularity frameworks for impartial verification.
Lista DAO’s choice to change to Chainlink is according to its dedication to transparency and safety. Common audits strengthen operational integrity and guarantee consumer funds stay protected. With Chainlink’s decentralized framework, Lista DAO strengthens its mission to develop into a cornerstone of the DeFi panorama.
Liquid Staking: Earn whereas staying liquid
Lista DAO’s platform empowers customers by its liquid staking mechanism and CDP system. By staking BNB, customers earn rewards whereas sustaining liquidity, enriching their expertise inside the DeFi ecosystem. The CDP system permits customers to lock in varied varieties of collateral to coin lisUSD, offering a safe solution to leverage belongings.
Backed by Binance Labs, Lista DAO bridges the hole between centralized and decentralized finance. The protocol facilitates participation in Binance Launchpool rewards whereas making certain belongings stay on-chain. This twin functionality highlights Lista DAO’s revolutionary method to assembly evolving consumer wants in a dynamic monetary setting.
As a number one oracle community, Chainlink has revolutionized on-chain financing and information interoperability. The know-how has unified world liquidity and supported greater than $17 trillion in transaction worth within the blockchain financial system. Establishments like Swift and ANZ Financial institution, along with high DeFi protocols like Aave and GMX, depend on Chainlink for his or her next-generation purposes.