# About slisBNB slisBNB is the native yield bearing and liquid staking token for BNB, built on Lista DAO. slisBNB appreciates against BNB in line with BNB’s staking APR, allowing users have the freedom to earn additional yields on different DeFi platforms while earning staking rewards passively. slisBNB currently holds the highest Total Value Locked (TVL) among liquid staking tokens for BNB in the market, and it is live on both BNB Smart Chain, and Ethereum network. ## Use Cases Holding slisBNB gives you access to: * **Borrowing**: Depositing slisBNB on Lista allows you to borrow BNB, lisUSD, and many other assets. Your collateral - slisBNB - will keep earning staking rewards while you can use the borrowed assets for other purposes. * **Trading/Liquidity Provision**: Most LSTs can be traded on decentralized exchanges (DEXs). You get access to liquidity any time you want without the unstaking process that usually takes days. You can also deposit your LSTs into liquidity pools for these DEXs to earn trading fees. At Smart Lending, slisBNB can be used both as collateral and liquidity provision, earning two income streams at the same time. * **Instant Staking/Unstaking**: Since LSTs can be traded, anyone can swap their BNB for slisBNB to instantly stake their BNB, or the other way around for instant unstaking. This skips the unstaking period but may cost you slightly more than the usual process. * **Binance Launchpool Rewards**: Depositing slisBNB into Lista Lending or Collateral Debt Positions (CDP), providing BNB/slisBNB liquidity on Lista Smart Lending or ThenaFi will allow you to mint slisBNBx, a non-transferable token that grants you access to Binance Launchpool airdrops. Lista will continue to add more utility to slisBNB and provide more options for slisBNB holders. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bsc.lista.org/introduction/liquid-staking-slisbnb/about-slisbnb.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.