Users deposit collateral and mint lisUSD.

ListaDAO is a stablecoin issuer and asset management protocol built on Ethereum. ListaDAO, previously Helio protocol, was launched in 2022.

ListaDAO's team & investors own and govern the protocol. They currently take a cut of the total interest paid by lisUSD minters.

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Lista DAO

# Lista DAO Outstanding supply Methodology

## 1. Overview

The outstanding supply metric measures the total amount of lisUSD stablecoin tokens currently in circulation, expressed in USD. This metric tracks the cumulative net issuance of ListaDAO's lisUSD token by monitoring mint and burn events on the BSC blockchain. Outstanding supply increases when new tokens are minted and decreases when tokens are burned or redeemed. This provides a real-time view of the total circulating supply of lisUSD tokens in the market.

## 2. Data sources

The calculation relies on the following raw data sources:
- **BSC token transfer events**: Parsed `Transfer` events from the BNB Smart Chain for the lisUSD token contract (address `0x0782b6d8c4551b9760e74c0545a9bcd90bdc41e5`)
- **Token metadata**: Token configuration data including decimal precision for the lisUSD token
- **End-of-day price feeds**: Daily USD exchange rates for token price conversion

## 3. Step-by-step calculation

### Component A: Mint event extraction
- **Purpose**: Identify when new lisUSD tokens are created and issued
- **Logic**: Extract BSC `Transfer` events where the `from_address` is the null address (`0x0000000000000000000000000000000000000000`) and the `token_address` matches the lisUSD contract address. These represent new token creation events where tokens are minted from nothing into circulation. Only non-removed events are included to ensure data accuracy.
- **Key fields**: `block_timestamp` for timing, `value` for mint amount, `to_address` for recipient, `transaction_hash` and `log_index` for event identification

### Component B: Burn event extraction  
- **Purpose**: Identify when lisUSD tokens are destroyed or redeemed
- **Logic**: Extract BSC `Transfer` events where the `to_address` is either the null address (`0x0000000000000000000000000000000000000000`) or the dead address (`0x000000000000000000000000000000000000dead`) and the `token_address` matches the lisUSD contract address. These represent token destruction events where tokens are removed from circulation permanently.
- **Key fields**: `block_timestamp` for timing, `value` for burn amount, `from_address` for token holder, `transaction_hash` and `log_index` for event identification

### Component C: Daily aggregation
- **Purpose**: Combine mint and burn events into daily net change calculations
- **Logic**: Truncate all event timestamps to daily boundaries and union mint events (with positive amounts) and burn events (with negative amounts) into a single dataset. Group by day, chain, and token address to calculate the net daily change in token supply. Apply decimal corrections to normalize token amounts according to the lisUSD token's decimal configuration.
- **Key fields**: `timestamp` (daily), `amount` (decimal-corrected net change), `token_address`, `token_symbol`

### Component D: Cumulative supply calculation
- **Purpose**: Track the running total of outstanding tokens over time
- **Logic**: Calculate the cumulative sum of daily net changes using a window function partitioned by chain, token address, and token symbol, ordered by timestamp. This creates a running total that represents the outstanding supply at each point in time. Forward fill any missing dates to ensure a continuous daily time series.
- **Key fields**: `outstanding_supply` (cumulative token amount), `timestamp` (continuous daily series)

### Final aggregation
- **Combining components**: The daily net changes from mints and burns are aggregated and then accumulated over time using a cumulative sum calculation
- **Currency conversion**: Outstanding supply amounts are converted from native token units to USD using end-of-day exchange rates
- **Time aggregation**: Data is aggregated to daily boundaries with forward filling to ensure no gaps in the time series
- **Final calculation**: The final outstanding supply value represents the cumulative sum of all historical mint events minus all burn events, converted to USD and validated for data quality

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Circulating supply of stablecoins issued by the project.

Lista DAOLISTA

Outstanding supply

Outstanding supply

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