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 Total value locked Methodology

## 1. Overview

ListaDAO TVL measures the total value locked in the protocol by calculating the outstanding supply of lisUSD stablecoin tokens. This metric represents the aggregate USD value of all lisUSD tokens currently in circulation, providing insight into the protocol's total asset backing and market adoption.

## 2. Data sources

- **Blockchain events**: Parsed BSC `Transfer` events specifically for the lisUSD token contract address (`0x0782b6d8c4551b9760e74c0545a9bcd90bdc41e5`)
- **Token metadata**: Token decimal information for proper amount calculation and normalization
- **External data**: End-of-day price feeds for USD conversion of token values

## 3. Step-by-step calculation

### Component A: Stablecoin mint tracking
- **Purpose**: Identifies when new lisUSD tokens are minted and added to circulation
- **Logic**: Filters BSC token transfer events where the `from_address` equals the null address (`0x0000000000000000000000000000000000000000`). These transfers represent new token creation events. Events are aggregated daily using timestamp truncation to day boundaries. Each mint event includes the `amount` of tokens created, `token_address`, and transaction metadata.
- **Key fields**: `block_timestamp`, `amount`, `token_address`, `from_address`, `to_address`

### Component B: Stablecoin redemption tracking  
- **Purpose**: Identifies when lisUSD tokens are burned or removed from circulation
- **Logic**: Filters BSC token transfer events where the `to_address` equals either the null address (`0x0000000000000000000000000000000000000000`) or the dead address (`0x000000000000000000000000000000000000dead`). These transfers represent token burn events. Events are aggregated daily and amounts are treated as negative values to represent supply reduction.
- **Key fields**: `block_timestamp`, `amount` (negated), `token_address`, `from_address`, `to_address`

### Component C: Outstanding supply calculation
- **Purpose**: Calculates the net circulating supply of lisUSD tokens over time
- **Logic**: Combines daily mint amounts (positive) with daily redemption amounts (negative) for each day. Applies decimal correction using token metadata to ensure proper token amount representation. Calculates a cumulative sum of daily net changes ordered by timestamp to determine total outstanding supply at each point in time. Forward fills missing days to ensure continuous time series data.
- **Key fields**: `timestamp`, `amount` (decimal-corrected), `outstanding_supply` (cumulative)

### Component D: USD conversion
- **Purpose**: Converts token amounts to USD values for meaningful TVL measurement
- **Logic**: Applies USD conversion to the outstanding supply values using end-of-day price feeds. The conversion accounts for token decimals and applies appropriate exchange rates based on the timestamp.
- **Key fields**: `outstanding_supply` (USD-denominated)

### Final aggregation
- **Combining components**: Sums the USD-denominated outstanding supply values across all lisUSD tokens, chains, and product variants
- **Currency conversion**: Uses end-of-day price feeds with decimal-corrected token amounts
- **Time aggregation**: Data is aggregated to daily boundaries with forward filling to handle gaps
- **Final calculation**: The TVL equals the total outstanding supply of lisUSD tokens valued in USD, representing the aggregate value of all circulating stablecoin tokens backed by the protocol

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

Lista DAOLISTA

Total value locked

Total value locked

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