What is clisBNB?
What is clisBNB?
clisBNB is a certificate token created by ListaDAO that users receive after depositing BNB into a Collateralized Debt Position (CDP). Each clisBNB is issued at a 1:1 ratio to the amount of BNB deposited, ensuring a clear link between the certificate and the staked BNB. This innovative token allows users to maintain control over their BNB collateral while unlocking new possibilities within DeFi.to a Collateralized Debt Position (CDP). Each clisBNB is issued at a 1:1 ratio to the amount of BNB deposited, ensuring a clear link between the certificate and the staked BNB. This innovative token allows users to maintain control over their BNB collateral while unlocking new possibilities within DeFi.
Key Features of clisBNB:
1:1 Ratio with BNB: For every BNB deposited into a CDP, one clisBNB is issued, directly reflecting the amount of staked BNB.
Non-transferable: clisBNB cannot be transferred between wallets or users, keeping it securely linked to the original deposit.
Automatic Burn: clisBNB is automatically destroyed when users withdraw their BNB or slisBNB from ListaDAO’s CDP.
Minting to Another Address: Users have the flexibility to mint clisBNB to another address, offering additional delegation options.
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.
How to Obtain clisBNB on BNB.xyz
We’ve made it easier than ever for users to access clisBNB directly through BNB.xyz with afew simply steps:
head over to BNB.xyz here, and click on “Get clisBNB” at the top of our page, and you will be redirected to Lista DAO’s deposit page instantly.
2. Deposit your BNB into a Collateralized Debt Position (CDP) on the ListaDAO platform through our website, and you will automatically receive an equivalent amount of clisBNB.
From there, you can begin utilizing clisBNB’s powerful functionality by participating in Binance launch pools via the Binance Web3 MPC wallet.
By offering clisBNB on our platform, we’re helping users make the most of their BNB collateral with a simple, secure, and efficient process.
Important: In order to participate in Binance Launchpool using clisBNB, users must use the Binance Web3 MPC wallet. This integration ensures smooth participation in launch events and gives users an efficient way to manage their staked BNB.
Conclusion
With clisBNB now available on BNB.xyz, users have even more options for making the most of their BNB. Whether you’re looking to unlock liquidity through lisUSD borrowing or participate in Binance Launchpool without losing access to your lisUSD Collateral Debt position, clisBNB is the tool to get you there.
We’re thrilled to bring this powerful product from ListaDAO to our users and look forward to seeing how you leverage clisBNB to enhance your DeFi experience. Stay tuned for more updates as we continue expanding our offerings to maximize the potential of your BNB.
