Ecosystem Collaboration Case Study: How Lista DAO and PancakeSwap Co-build a BNB Chain DeFi Matrix The deep collaboration between Lista DAO and PancakeSwap is a model of ecosystem collaboration within the BNB chain's DeFi ecosystem. Through co-building liquidity pools, sharing revenue incentives, and user acquisition, the two companies have formed a complementary flywheel: • Liquidity Integration: Lista DAO opened a slisBNB/USD1 liquidity pool on PancakeSwap, providing Lista users with a low-slippage exchange channel while generating stable transaction fee revenue for PancakeSwap; • Revenue Accumulation: LP providers can simultaneously receive a share of PancakeSwap's transaction fees and Lista's LISTA token incentives, achieving an annualized return of 10-15%; • Technological Interoperability: Lista's smart lending vault is directly integrated with PancakeSwap's aggregated trading interface, allowing users to complete collateralization, lending, and exchange operations with a single click. This collaboration has significantly improved the total value of liquidity (TVL) for both parties: PancakeSwap accounts for 74.6% of the trading volume on the BNB chain DEX, while Lista, with its lending ecosystem, has become the third largest protocol on the BNB chain. In the future, with the independent launch of Lista DEX, the two parties will further explore cross-chain liquidity sharing. @lista_dao #bestUSD1financestrategylistadao $LISTA