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, and still be able
to participate in Binance launchpool using clisBNB. Users who hold
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 distinguishes it from
other tokens, providing users with focused utility while
maintaining control over their assets:
1. 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.
2. Non-transferable Token
One 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 exists only within
the context of the Lista DAO platform, ensuring its security and
focused usage.
3. Automatic burn upon withdrawal
clisBNB is automatically burnt 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 position. Once the underlying BNB is
withdrawn, the associated clisBNB is removed from the system to
prevent any mismatches in value.
4. Minting clisBNB to Another Address
clisBNB offers users a unique feature: When depositing BNB into
a CDP, they have the option to mint clisBNB to another address.
However, once this address has been chosen and the clisBNB has been
sent over, it will no longer be transferable to any other wallet.
Having this function enables greater flexibility, especially for
users who may want to delegate certain actions related 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
minted to the secondary address is automatically destroyed.
How to Obtain clisBNB
Accessing clisBNB is a straightforward process. Users can visit
ListaDAO’s 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’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 new 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: https://BNB.xyz
X (Twitter): https://x.com/BNBxyz
Core contributors: PancakeSwap, Lista DAO, BNB chain
Contact
Marketing
team
BNB.xyz
marketing@bnb.xyz