CandleFocus Lista DAO Adds Lido’s wstETH as Collateral for lisUSD Loans
2024-09-06
Author: Content Editor
Lista DAO has announced that Lido Finance's wstETH will now be available as collateral for borrowing lisUSD. This allows borrowers to access liquidity through lisUSD while staking their Ethereum, allowing them to earn staking rewards while obtaining liquidity. The addition of wstETH as collateral aims to improve the usability and desirability of the Lista DAO platform. The platform requires a collateralization rate of 150%, a borrowing rate of 7%, and a minimum deposit of 0.1 wstETH. In the future, more updates and integrations with other DeFi applications are expected.
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