# Lista DAO (LISTA): D-Score 32/100 — Centralized Leaning

**BlockIndex D-Score: 32/100 (Centralized Leaning).** Lista DAO (LISTA) is a Layer 1 cryptocurrency using PoS consensus. Lista DAO: BNB Chain-native dual-token lending protocol with lisUSD stablecoin, Smart Swap DEX, and on-chain governance.

_Source: https://blockindex.ai/coin/lista · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 32 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 20 |
| Age and history | 7 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: PoS (N/A)
- Launch: Megadrop (2024)
- Founder: Toru Watanabe, Terry Huang
- VC funded: Yes
- Max supply: 800,000,000
- Circulating: 437,762,699 (54.7%)

## Market data (as of 2026-06-19)
- Price: $0.05
- Market cap: $21.34M
- 24h volume: $4.26M
- 24h change: -4.48% · 7d change: -4.57%

## About
Lista DAO (LISTA) is a BNB Chain–native decentralized lending and liquidity protocol built around a dual-token model: LISTA (governance/utility) and lisUSD (protocol-backed stablecoin). The project emerged from the consolidation of Helio Protocol and Synclub into a single governance-first DAO on 2024-02-05, and has since positioned itself as a permissionless credit and yield layering hub for BNB Chain assets. Lista emphasizes capital efficiency, instant conversions, and modular lending categories — examples include the Aster Zone for category-specific lending and Smart Swap, the protocol’s internal DEX. The protocol has pursued aggressive product rollouts and cross-chain integrations (notably mXRP via Axelar) while maintaining an open-source posture and token-holder-driven governance.

Technically, Lista leverages BNB Chain’s EVM-compatible environment and standard BEP-20 token primitives for LISTA and related assets. The protocol’s core systems include collateralized lending markets, stablecoin minting mechanics (lisUSD), vaults and market integrations for third-party stablecoins, and internal liquidity primitives powered by Smart Swap. Governance is handled on-chain via LISTA holder voting (including emergency governance procedures) and ve-style token mechanics were referenced in source materials. The token economics were published across market-data platforms with a stated maximum supply figure appearing in multiple sources (CMC and Messari divergence) and circulating supply snapshots showing material variance between providers; LISTA’s smart contract address (truncated in sources) is published in market profiles and linked from the official website.

From a use-case and adoption perspective, Lista targets DeFi users and treasury managers seeking permissionless credit, leverage, and composable stablecoin utility within the BNB Chain ecosystem and beyond. The protocol supports borrow/lend flows, yield farming with lisUSD, vaults for external stablecoins and third-party integrations (mXRP is an example), and on-protocol liquidity primitives to reduce slippage and improve capital efficiency. Lista’s marketplace presence includes major centralized exchanges and DEX platforms where liquidity and secondary market activity have driven price discovery and volatility; market history shows an early price peak in June 2024 followed by sustained volatility as product offerings and integrations rolled out through 2025.

Tokenomics are characterized by a capped maximum supply (multiple sources list 800M–1B LISTA), a circulating supply that varies by data provider (CMC and Messari snapshots differ), and an allocation schedule that includes private sale, ecosystem, team, and DAO reserves. DScore-oriented extracts in source materials flagged pre-issued allocations (PIP) summing to 40.0% across several categories; premine was treated as not applicable / 0% in token-chain terms. Governance is explicitly DAO-based with active use of on-chain emergency governance procedures (including a forced liquidation event in Nov 2025 executed through emergency governance). Roadmap signals for multi-chain expansion, additional asset listings, and further DeFi primitives are prominent in 2025 communications.

Development and risk profiles highlight active feature velocity (Smart Swap, Aster Zone, lisBNB, and vault integrations in 2024–2025) alongside standard DeFi risks: liquidation risk, stablecoin depegging exposures, counterparty risk in vault managers, and governance risk stemming from emergency interventions. No external security hacks were documented in the provided materials; a governance-triggered forced liquidation event was recorded in November 2025 as a protocol-level risk mitigation action. Overall, Lista DAO presents as an actively developed, market-listed DeFi protocol with robust product expansion in 2024–2025 and a governance model centered on token-holder voting and DAO reserve management.

## Links
- Website: https://lista.org/
- Whitepaper: https://docs.bsc.lista.org/
- GitHub: N/A

---
About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore