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Lista DAO launches veLISTA and veToken governance models, holders can receive a share of protocol revenue

Lista DAO launches veLISTA and veToken governance models, holders can receive a share of protocol revenue

CointimeCointime2024/07/24 08:58
By:Cointime

Lista DAO has announced the launch of the veLISTA and veToken governance models. LISTA is the governance token of LISTA DAO, distributed to users participating in various protocol activities. Users can lock LISTA to mint veLISTA (with a maximum lock-up period of 52 weeks) to actively participate in protocol governance, including proposing and voting on proposals. At the same time, users holding veLISTA are eligible to receive a portion of the protocol's income based on their holdings. Lista DAO's revenue sources include early application fees from LISTA, lisUSD mining (to be launched soon), borrowing fees, and ETH withdrawal fees; Lista DAO's costs include lisUSD collateral pool, Risk Buffer Fund, and operating expenses. Lista DAO stated that it aims to use LISTA to establish an open and transparent decision-making process, and to use community governance to drive the operation of LISTA DAO. To achieve this goal, it will gradually transfer decision-making power to the community, ensuring a fully decentralized and authorized governance model.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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