Toronto, Ontario, October 8, 2024, Chainwire
clisBNB, developed by Lista DAO, is an innovative tool that gives BNB holders greater flexibility and control over their assets. It is 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?
Includes BNB Chain, ListaDAO, and Pancakeswap As a core contributor, BNB.XYZ is a one-stop staking platform on the BNB Chain that bridges the gap between DeFi and CeFi. The platform offers users competitive APRs, enhanced security, and exclusive features such as strategic APY comparisons, Binance Launchpool notifications, and potential integrations with leading platforms such as Binance.com.
What is clisBNB?
clisBNB is a certificate token issued when a user deposits BNB into ListaDAO’s Collateralized Debt Position (CDP). Each clisBNB is pegged 1:1 to the amount of BNB deposited, maintaining a clear link between tokens and staked BNB. This innovative solution allows users to maintain control over 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 BNB collateral on ListaDAO and continue participating in Binance Launchpool using clisBNB. Users who hold clisBNB Binance Web3 MPC Wallet You can leverage BNB to participate in exclusive token launch events and earn new tokens without terminating your debt position on Lista DAO.
Binance Launchpool’s powerful combination of borrowing and participation gives users more utility and flexibility for their BNB holdings in one seamless product.
Key features of clisBNB:
clisBNB contains several features that distinguish 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 Lista DAO’s CDP, clisBNB will be minted at a 1:1 ratio. This direct relationship ensures that one clisBNB is created for every BNB deposited, maintaining a seamless link between deposits and certificates.
2. Non-transferable tokens
One of the important features of clisBNB is that it is non-transferable. Once clisBNB is minted, it cannot be transferred between wallets or users. It is only tied to users’ BNB deposits and exists only within the context of the Lista DAO platform, ensuring security and focused use.
3. Automatic incineration upon withdrawal
clisBNB will be automatically burned or destroyed when a user withdraws BNB or corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that clisBNB always accurately represents the amount of BNB at the user’s location. Once the underlying BNB is withdrawn, the associated clisBNB will be removed from the system to prevent value mismatches.
4. Issue clisBNB to another address
clisBNB offers unique features to its users. When depositing BNB to a CDP, you have the option to mint clisBNB to a different address. However, once you select this address and your clisBNB has been transferred, it can no longer be transferred to another wallet. This feature allows for greater flexibility, especially for users who want to delegate specific tasks related to other wallets, such as accumulating Stardust points.
However, this flexibility has some key limitations.
- When making a deposit, you can only specify one address to receive clisBNB.
- If your primary BNB or slisBNB is withdrawn, all clisBNB issued to your secondary address will be automatically destroyed.
How to get clisBNB
The process of accessing clisBNB is simple. Users can visit ListaDAO’s deposit page to deposit BNB into collateralized debt positions (CDPs) and automatically receive clisBNB in return. Here you can use clisBNB to participate in the Binance Launchpool event via your Binance Web3 MPC wallet.
To participate in the Binance Launchpool event, it is important for users to utilize the Binance Web3 MPC wallet, which supports seamless interaction between staked BNB and launch events.
clisBNB: Unlock BNB liquidity
clisBNB offers BNB holders a powerful new way to secure liquidity, borrow lisUSD, and participate in Binance Launchpool events without losing access to collateral. clisBNB represents a significant advancement in DeFi solutions for BNB users by improving the usability and flexibility of staked BNB.
With the introduction of clisBNB, BNB holders now have complete tools for managing collateral, participating in Binance Launchpool, and accessing DeFi opportunities within a simple and secure process.
About BNB XYZ
BNB XYZ is a one-stop chain staking platform for BNB designed to bridge the gap between BNB CeFi and DeFi. A resource for all BNB users to maximize their earning potential by providing seamless staking solutions and optimizing the utility of CeFi BNB and DeFi BNB. Key contributors to 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
(email protected)