The Good Tech Companies - Unlocking New DeFi Opportunities for BNB Holders

Episode Date: October 8, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/unlocking-new-defi-opportunities-for-bnb-holders. clisBNB offers BNB holders a new way to access Binance launchpool and Lista DAO CDP Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #clisbnb, #chainwire, #press-release, #clisbnb-announcement, #bnbchain, #on-chain-transaction, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Unlocking new DeFi opportunities for BNB holders by Chainwire. Toronto, Ontario, October 8, 2024, Chainwire, CLIS BNB, developed by ListaDAO, 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 Cephi and DeFi. Klis BNB offers BNB holders a new way to access Binance Launchpool and ListaDAO 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 CLIS BNB? CLIS BNB is a certificate token issued when users deposit BNB into a collateralized debt position CDP on list of DAO. Each CLIS BNB is pegged one-to-one to the amount of BNB deposited, maintaining a clear link between the token 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 CLIS BNB do? The primary function of CLIS BNB is to allow users to borrow LiUSD against their BNB collateral on ListaDAO and still be able to participate in Binance Launchpool using Klis BNB. Users who hold Klis BNB 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 ListaDAO. 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 Klis BNB Klis BNB comes with several features that distinguishes it from other tokens, providing users with focused utility while maintaining control over their assets 1.1 to 1 ratio with BNB When users deposit BNB into a CDP on list of DAO they are issued CLIS BNB at a 1 to 1 ratio. This direct relationship ensures that for every BNB deposited 1 CLIS BNB is created maintaining a seamless link between the deposit and the certificate. 2. Non-transferable token one important feature of Klis BNB is that it is non-transferable. Once issued, Klis BNB 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 Klis BNB is automatically burnt or destroyed when users withdraw their BNB or the corresponding Schlie's BNB from Lista DAO's CDP. This mechanism ensures that CLIS BNB always accurately represents the amount of BNB in the user's position. Once the underlying BNB is withdrawn, the associated CLIS BNB is removed from the system to prevent any mismatches in value. 4. Minting CLIS BNB is removed from the system to prevent any mismatches in value. 4. Minting CLIS BNB to another address. CLIS BNB offers users a unique feature. When depositing BNB into a CDP, they have the option to mint CLIS BNB to another address.

However, once this address has been chosen and the CLIS BNB 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 CLIS BNB at the time of deposit. If the underlying BNB or SLIS BNB is withdrawn, any CLIS BNB minted to the secondary address IS automatically destroyed. How to obtain CLIS BNB Accessing CLIS BNB is a straightforward process. Users can visit Listideo's deposit page, where they can deposit their BNB into a collateralized debt position, CDP, and automatically receive

Klis BNB in return. From there, Klis BNB can be used to participate in Binance Launchpool events via the Binance Web 3 MPC wallet. To ensure participation in Binance Launchpool events, it's important that users utilize the Binance Web 3 MPC wallet, which supports smooth interaction between the staked BNB and launch events. Klis BNB. Unlocking BNB liquidity Klis BNB offers BNB holders a powerful new way to unlock liquidity, borrow LiUSD, and participate in Binance launchpool events without losing access to their collateral. By enhancing the utility and flexibility of staked BNB, Klis BNB represents a significant advancement in DeFi solutions for BNB users. With the introduction of Klis BNB, BNB holders now have a seamless tool for managing collateral, participating in Binance launch pools 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 Cephe and DeFi. It offers seamless staking solutions and optimizes the utility of both Cephe 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, ListaDAO, and BNB Chain. Website, https://bnb.xyzx. Twitter, https://x.com, BNB XYZ Core Contributors, PancakeSwap, ListaDAO, BNB Chain com bnb xyz core contributors pancake swap list of dow bnb chain contact marketing team bnb

xyz marketing at bnb xyz tip this story was distributed as a release by chainwire under hackernoon's business blogging program learn more about the program here thank you for listening to this hackernoon story read by artificial intelligence visit hackernoon.com to read write learn and publish