# LISTA

LISTA is the governance token for Lista DAO. It can be locked into veLISTA which allows users to participate in protocol governance, such as raising proposals and voting on them on Lista DAO’s [Snapshot platform](https://snapshot.org/#/listavote.eth). Additionally, veLISTA holders will also earn a variety of rewards in the form of LISTA emissions and other platform rewards.

Similar to lisUSD, LISTA token is a medium of exchange in its own right, which can be swapped or put in a farming pool on a DEX at the user’s discretion, e.g. to maximise their capital efficiency, obtain borrowings, and/or compound their yield.

Following [LIP-021](https://snapshot.org/#/s:listavote.eth/proposal/0xdb92580e04ca8d688404a689a99579294715bd9ab858cc9b7ba637599720a6ff), the total supply of LISTA has been reduced from 1 billion to 800 million. Check us out on CoinMarketCap [here](https://coinmarketcap.com/currencies/lista-dao/).

With the approval of [LIP-024](https://snapshot.org/#/s:listavote.eth/proposal/0x1a15347f6b452049212bdf51ff1a46c0a7edf7ca8efe1004b32c15c2965f0f3b), a new tokenomics was implemented. This upgrade include:

* Sunset veLISTA staking model. All staked LISTA can be unlocked without penalty at [this page](https://lista.org/lock).
* Protocol revenue previously distributed to veLISTA stakers will now fund $LISTA buybacks, continuing our effort in turning LISTA into a deflationary token.
* Emissions previously allocated to veLISTA stakers will continue to support the protocol in the form of funding user rewards, growth initiatives, and ecosystem campaigns.
* From now on, all LISTA holders can vote on LIP proposals. The LP pool voting system is wound down as part of this transition.

In the future, more benefits will be introduced to LISTA holders. The first on the list is delayed liquidation. Stay tuned for more details.