As the governance token of ListaDAO, LISTA's role under the veLISTA model is more than just voting rights.

Locking LISTA to get veLISTA increases your influence the longer you lock—up to 4 years. Governance weight and reward multipliers will rise linearly. This "time for power" design effectively prevents short-term speculators from exploiting the system.

Once you have veLISTA, what can you do? Adjust borrowing interest rates, decide how to allocate incentive pools, modify collateral limits... These core parameters of the protocol are all controlled by voters. More importantly, you can also earn a share from protocol fees, liquidation penalties, and emission incentives, potentially receiving rewards in LISTA, slisBNB, and other tokens. The annualized yield can reach 20%+, which is quite significant in DeFi.

The design of the reward pool is also worth noting. 30% of total rewards are allocated based on voter decisions, guiding the flow of incentives—such as subsidizing slisBNB LPs or supporting new collateral types. This is not just passive dividends but a "selective income right."

This system creates a positive feedback loop: deep participants optimize the protocol through governance, increasing TVL, which in turn allows them to earn more. Ordinary users, by locking tokens, transform from mere token holders into "protocol shareholders."

Compared to projects that rely solely on emission, the veLISTA model ensures that a larger portion of the 10 billion total LISTA supply remains in the hands of long-term holders, reducing inflation pressure. In the current BNB ecosystem expansion, this "users as governance" model is redefining the development direction of LSDFi infrastructure.