SlisBNB Explained: Pendle & ListaDAO Enhance Binance Launchpool Rewards

SlisBNB Explained: Pendle & ListaDAO Enhance Binance Launchpool Rewards
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What is Binance Launchpool?

Binance Launchpool is a long-running passive income program that connects Binance Web3 wallet users with new, pre-listing projects. The program allows token holders to earn rewards by locking their assets into specific campaigns and receiving token airdrops from new projects.

Launched with the goal of serving as a pre-listing mechanism and marketing platform for tokens, Binance Launchpool provides rewards for users who lock their tokens, such as BNB, for a predetermined period. These rewards come in the form of airdropped tokens from the projects involved in the Launchpool program.

ListaDAO and Pendle Extend Binance Launchpool Rewards

ListaDAO has extended the rewards from Binance Launchpool by offering two wrapped BNB assets: slisBNB and clisBNB. These assets, which have been in circulation for several months, allow users to earn passive income through exposure to both BNB staking and Launchpool locking. Pendle has partnered with ListaDAO to distribute these wrapped tokens and provide more flexibility in earning rewards.

How Pendle and ListaDAO Work Together

In 2025, Pendle will begin distributing its own versions of the wrapped BNB tokens, including clisBNB, through its platform. These tokens combine two forms of passive income for BNB users on the BNB Smart Chain:

  • YT-clisBNB: Offers rewards from Binance Launchpool and BNB staking.
  • PT-clisBNB: Provides a fixed, stable yield of 45.21% annualized, with 1 BNB paid at maturity and trading at a discount.

Holders can choose between these two forms of yield and select the preferred asset type for their portfolio, providing flexibility and access to multiple reward streams.

Benefits of Pendle and ListaDAO’s Wrapped BNB

By offering wrapped versions of BNB, Pendle and ListaDAO simplify the process of earning passive income through Binance Launchpool. These wrapped tokens, clisBNB and slisBNB, make it easier for users to access rewards without needing to participate directly in the Binance Web3 wallet ecosystem.

Users can participate in campaigns using either clisBNB or slisBNB, which will remain the only on-chain assets eligible for Binance Launchpool rewards. However, the two platforms provide different entry points for Pendle users, offering additional options for how to lock and stake these tokens.

SlisBNB and ClisBNB: Derivatives of BNB Coin

Both slisBNB and clisBNB are derivatives of BNB Coin, created through distinct on-chain actions:

  • slisBNB: Represents Liquidity Staked BNB, giving users exposure to BNB staking rewards.
  • clisBNB: A collateralized version of BNB that allows for participation in various campaigns and provides additional access to Launchpool rewards.

These assets open new possibilities for liquidity, staking, and reward generation in the decentralized BNB ecosystem. They are designed to integrate with various platforms, such as Pendle, for a seamless experience.

How Pendle and ListaDAO Simplify BNB Passive Income

By offering clisBNB and slisBNB, Pendle and ListaDAO make it easy for users to access Binance Launchpool rewards through any wallet. This removes the need for a Binance Web3 wallet, streamlining the process of earning passive income for a wider audience.

Staking these wrapped tokens grants the same yield as staked BNB, in addition to Launchpool rewards. For example, slisBNB holders can earn BNB staking rewards while also receiving rewards from new token launches in the Binance ecosystem.

Market Data: SlisBNB and Pendle’s Growing Ecosystem

As of January 2025, the supply of slisBNB stands at 576,748.51 tokens, with a trading value of $681.68, closely tracking the price of the underlying BNB token. While Pendle has yet to release a projected supply for its version of clisBNB, the platform is preparing for upcoming demand.

Pendle’s ecosystem is thriving, with $5.31 billion in total value locked (TVL) and generating $28.72 million in annualized fees from its yield derivatives tools. This growing activity highlights the platform’s success in offering innovative solutions for decentralized finance (DeFi) users.

Conclusion: A New Era for BNB Passive Income

Through their collaboration, Pendle and ListaDAO are transforming the way users earn passive income from BNB. With the ability to participate in Binance Launchpool rewards and earn staking returns using wrapped versions of BNB, these platforms provide greater flexibility and accessibility to the DeFi space. Whether you’re a long-term holder or a new user, the innovative tools offered by Pendle and ListaDAO present exciting opportunities for maximizing returns from the BNB ecosystem.