clisBNB is a new tool by Lista DAO offering BNB holders additional asset management options through the BNB.xyz platform.

What is BNB.xyz?

BNB.xyz is a one-stop staking platform on the BNB chain, created to bridge the gap between CeFi and DeFi. Core contributors include BNB Chain, ListaDAO, and Pancakeswap. The platform offers users competitive APRs, enhanced security, and exclusive features such as strategic APY comparisons, Binance Launchpool reminders, and potential integrations with major platforms.

What is clisBNB?

clisBNB is a certificate token issued when BNB is deposited into a Collateralized Debt Position (CDP) on ListaDAO. For every BNB deposited, users receive clisBNB in a 1:1 ratio. This allows users to retain control over their BNB collateral while participating in a variety of DeFi opportunities.

Key Features of clisBNB

clisBNB comes with several distinctive features:

- This token is non-transferable and is linked to the user's deposit on the Lista DAO platform. - It is automatically burned when BNB or the corresponding clisBNB is withdrawn from the CDP. - Users can mint clisBNB to another address at the point of deposit, although it will not be transferable afterward.

These features provide additional flexibility and security in usage.

clisBNB offers BNB holders a new way to unlock liquidity, borrow lisUSD, and participate in Binance Launchpool events without losing access to their collateral.