Introduction

In this guide, we're going to explore the Helio protocol on ListaDAO testnet and take a look at how to interact with the network's features. 


What is ListaDAO?

Lista DAO is an open-source liquidity protocol designed for earning yields on collateralized Crypto assets such as BNB, ETH, and Stablecoins, while also facilitating borrowing of its decentralized stablecoin, lisUSD. This stablecoin, also known as a "Destablecoin," is backed by collateral in a decentralized and unbiased manner, drawing inspiration from the MakerDAO model.

The protocol employs a dual token system consisting of lisUSD and LISTA tokens, along with various mechanisms supporting functions like instant conversions, asset collateralization, borrowing, and yield farming. Initially native to the BNB Chain ecosystem, Lista DAO intends to expand to other blockchain networks in the future.

Developed by DeFi and smart contract experts, the protocol aims to establish lisUSD as a leading Destablecoin globally, leveraging Proof-of-Stake (PoS) rewards and yield-bearing assets to achieve this goal.

Step 1

First, go to testnet.helio.money/app/loans & connect your MetaMask wallet.

Switch to BSC Testnet and select the + symbol on BNB.

Insert any amount and hit "Proceed".







Step 2

Next, go to testnet.helio.money/app/borrow, you can see we now have the option to borrow tokens.

Insert an amount & hit "Proceed".




Step 3

Now we can go to testnet.helio.money/app/repay and pay back some (or all) of our loan.

Choose an amount, hit "Approve", and then "Proceed".




Step 4

Finally, let's stake some tokens, to do this, go to testnet.helio.money/app/earn and click "Stake".

Insert any amount and hit "Approve", then "Stake".







Outro

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Disclaimer: This guide is provided strictly for educational purposes and should not be considered financial advice. The content is designed to offer insights into various web3 topics & projects.

We do not recommend putting real money into random projects without conducting plenty of your own research first. It is crucial to make informed decisions based on your own understanding and risk tolerance.