Algorithmic / under-collateralized stablecoin
Lista DAO's assessment for RD-F-069 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
lisUSD is over-collateralized CDP stablecoin modelled after MakerDAO. Minimum collateralization ratio ~150% confirmed by multiple sources. Fully backed by exogenous crypto collateral (BNB, slisBNB, BTCB, wBETH, stablecoins). Not algorithmic — no unbacked minting mechanism. PSM provides peg stability via asset swaps. Clearly over-collateralized design.
Sources #
- DocsLista Docs — Collateral Debt Position lisUSDLista DAO CDP docs: CDP modelled after MakerDAO, users lock collateral and mint lisUSD with on-chain overcollateralization requirementretrieved 2026-05-12
- Nansen — What Is Lista DAO GuideNansen guide: minimum collateralization ratio typically 150% for BNB/slisBNB; fully over-collateralized stablecoinretrieved 2026-05-12
Methodology #
Classify whether the protocol is an algorithmic or under-collateralized stablecoin design per curator classification.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol lista-dao factor RD-F-069 score green collected_at 2026-05-12 17:54:05