Mint slisBNBx on Lista Lending

When you deposit slisBNB as collateral into Lista Lending, slisBNBx will now be automatically minted with the following details:

• Mint Ratio: 1:0.99813. For example, depositing 1 slisBNB will allow the user to mint 0.99813. slisBNBx.

• Minting Price: Determined by the current exchange rate at the time of deposit, ensuring fairness and transparency.

This automation simplifies the process, saving you time while ensuring you can immediately utilize slisBNBx in your DeFi strategies.

2. Flexible Target Address for Minting

We’ve introduced the ability to modify the target address where your slisBNBx is minted:

• Default Behavior: Initially, slisBNBx is minted to your current wallet address.

• Customization: You can change the target address at any time. After modification, all subsequently deposited slisBNB will mint slisBNBx to the new address.

• Single Address Limitation: Note that slisBNBx can still only be minted to one address at a time and cannot be split across multiple addresses.

3. Automatic Burning on Withdrawal

When you withdraw your slisBNB collateral from Lista Lending, the corresponding amount of slisBNBx will be automatically and proportionally burned:

• For example, if you withdraw 1 slisBNB, the equivalent 0.99813 slisBNBx will be burned.

• This ensures the system remains balanced and prevents over-issuance of slisBNBx, maintaining its value and integrity within the ecosystem.

Benefits for Users

This update brings several advantages to Lista Lending users:

• Capital Efficiency: Automatically minting slisBNBx from slisBNB collateral in Lista Lending allows you to unlock additional rewards without extra steps through Binance launchpad.

• Flexibility: The ability to modify the target address for minting gives you control over where your slisBNBx is sent.

Conclusion

The latest update to Lista Lending introduces a seamless, efficient way to mint slisBNBx from slisBNB collateral, offering users greater flexibility and capital efficiency. With automatic minting, customizable target addresses, and proportional burning on withdrawal, this feature empower