As 2025 came to a close, Lista DAO solidified its position at the forefront of decentralized finance on the BNB Chain by delivering significant product advancements and reporting impressive growth metrics. The introduction of Smart Lending, a proprietary Swap interface, and Fixed-Rate Borrowing options brought new dimensions to Lista's already extensive stablecoin and staking services.
Transitioning from its initial role as a liquid staking provider, Lista DAO established itself as the Capital Routing Layer of the BNB ecosystem throughout the year. This strategic shift empowered users to actively control portfolio strategies and led to rapid expansion, confirming Lista's preeminence across the BNB Chain DeFi landscape.
Substantial Growth Highlights
- Unprecedented TVL Growth: At one stage in 2025, Lista DAO's total value locked (TVL) soared to over $4.5 billion, reflecting a remarkable 179.40% annual increase.
- Market Share Dominance in BNB Staking: Commanding approximately half of the BNB Chain's staking market, Lista DAO sees more than 12 million BNB staked directly through its platform, reinforcing its stature as the ecosystem's leading infrastructure provider.
- Lending Sector Expansion: Lista DAO's lending vertical, launched during the year, quickly grew to reach $1.35 billion in TVL, exemplifying successful diversification beyond foundational staking products.
- Revenue Milestones: Twice in the latter half of 2025, the protocol surpassed $1 million in monthly revenue, underlining its effective yield generation and sustainable operational model.
Innovation in Asset Utilization: Smart Lending and Native Swap Interface
The deployment of Smart Lending alongside the native Swap interface signifies a transformative approach to collateral management within Lista DAO's ecosystem. Previously, assets deposited as collateral remained passive during loan origination; now, these holdings are actively employed as liquidity across internal markets. This evolution allows users to maintain borrowing capacity while simultaneously accruing trading fees, effectively converting collateral into an income-generating asset.
Holders of slisBNB, the liquid staking derivative, benefit from a triple-yield mechanism:
- Core BNB Staking Rewards: Continuous accrual of base staking income from BNB.
- Trading Fee Revenue: Participation in liquidity provision with slisBNB/BNB pairs enables earning decentralized exchange (DEX) fees.
- Binance Ecosystem Incentives: Eligibility for various Binance rewards including Launchpool, Megadrop, and HODLer Airdrops remains intact.
This integration of staking returns, fee-based earnings, and ecosystem incentives streamlines and enhances capital efficiency, allowing for more versatile asset deployment within the BNB Chain.
Introducing Fixed-Rate and Fixed-Term Loans: Enhancing Predictability in Borrowing
Addressing the need for financing certainty, Lista DAO unveiled Fixed-Rate & Fixed-Term Loans within its Lending Collateralized Debt Position (CDP) framework. Unlike traditional variable-rate loans that fluctuate with market and utilization dynamics, these offerings enable borrowers to lock in interest rates and loan durations upfront, providing fully predictable borrowing costs throughout the loan term.
Specifically, the new loan options include:
- Maturity periods of 7, 14, and 30 days.
- Support for BNB, slisBNB, and BTCB as acceptable collateral.
This product caters to users requiring precise cost management, such as those engaged in hedging strategies, interest rate arbitrage, or balance-sheet planning with strict parameters. For holders of major assets like BTC, ETH, and BNB, this innovation allows cross-cycle investment with minimized exposure to rate volatility, eliminating concerns about liquidation stemming from sudden interest spikes.
Catalyzing Future Expansion: Lista DAO's 2026 Roadmap
Looking ahead to the first half of 2026, Lista DAO intends to fortify its foundational role in financial infrastructure on BNB Chain and venture beyond. Strategic initiatives include scaling Smart Lending to become a premier stableswap hub by trading volume, initiating operations on the Ethereum mainnet, and broadening the range of trading pairs available.
In conjunction with expanding decentralized finance offerings, Lista plans to advance Real-World Asset (RWA) integration by incorporating bond-backed collateral, corporate bonds, and yield-oriented RWA products, while developing enhanced on-chain utility for such assets.
At the protocol level, innovations include pioneering on-chain credit lending via a proprietary credit framework and streamlining the user experience by combining Lending and CDP functionalities at the smart contract layer. The protocol also aims to explore prediction-market-driven products that can fuel novel vault strategies and risk-managed, revenue-linked offerings through collaborations with ecosystem partners.
About Lista DAO
As a leading BNBFi protocol operating within the BNB Chain, Lista DAO offers diversified overcollateralized decentralized stablecoins, liquid staking tokens (BNB LST), and lending services. It also provides avenues for users to earn various rewards associated with Binance's Launchpool, Megadrop, and HODLer Airdrops.
Holding the distinction of being recognized on Binance Launchpool, Lista DAO has experienced unprecedented growth in total value locked, surging 1,000% year-to-date and reaching its record $4.5 billion TVL. This solidifies its position as the largest protocol on BNB Chain by TVL. The native token, LISTA, is actively traded on major exchanges including Binance, Bitget, and Coinone.
Contact: Marketing Lead Kay Zhao, Lista DAO, [email protected]