Lista DAO, an open-source liquidity forum offering profits over collateralized cryptocurrencies, has announced a new partnership. As per the company, it has collaborated with Ether.fi (a non-custodial, decentralized liquid staking platform for Ethereum) to enter the realm of Restaking as well as Liquid Restaking Tokens.
Points:
🔹Earn 3x boosted @Ether_fi + EL points + Lista Stardust
🔹Deposit $weETH on Lista DAO
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For more information 👇https://t.co/LLYJFIAkgZ— Lista DAO (@lista_dao) May 21, 2024
Lista DAO and Ether.fi Begin a Strategic Collaboration
As included in the collaboration, Lista DAO will utilize the capabilities of Ether.fi. Additionally, the company will integrate Ether.fi’s weETH and LRT into its latest innovation zone. It also disclosed that this will permit the use of weETH among the collateral options to borrow lisUSD. For consumers depositing weETH, Lista DAO increases the benefits in comparison with conventional financial incentives.
It allows the depositors to get rewards via a dynamic triple-reward apparatus. The respective mechanism takes into account Eigenlayer points, Ether.fi points, and Lista stardust. The three-in-one airdrop points mechanism targets to expand the value for the consumers. In addition to this, it promotes additional engagement along with rewards for participation. For this purpose, it offers different incentives.
The non-custodial staking forum of Ether.fi distinctively lets the stakers be the controllers of their keys. Apart from that, the mechanism of Ether.fi offers a marketplace for node services. This marketplace allows the node operators and stakers to enroll nodes for the provision of infrastructure services. The platform also revealed that the consumers can bridge their $weETH tokens to BSC.
For this, they first need to open the Stargate Finance portal. Then they can go to the “Transfer” section of Stragate Finance. Subsequently, they can link their wallet and choose weETH in the “From” section. In the “To” section, the users again need to choose weETH along with the BNB chain. After that, they can put the cumulative amount for bridging to complete the transfer on the wallet.
The Partnership Offers a 3x Boost in Points on weETH Deposits
Lista DAO asserted that Ether.fi is offering a 3x boost in points on depositing weETH as a part of this endeavor. According to Lista DAO, strategic collaboration pays great attention to expanding its ecosystem. It reportedly offers innovative avenues for users to increase investments. Moreover, it lets the consumers dynamically engage in the development of several protocols. It also assured the community to continue making such strives.