Two decentralized platforms are extending the earnings from Binance Launchpool with their own wrapped versions of BNB Coin. Pendle and ListaDAO offer access to passive income from the program, even for external users with no Binance profile.
Binance Launchpool is one of the long-running passive income incentive programs, tied to BNB users with a Binance Web3 wallet. The program connects token holders with new projects, not yet launched on the Binance platform.
The Launchpool has worked as a pre-listing mechanism and even as marketing for tokens coming soon to a full Binance listing and has included multiple prominent assets. Usually, the Launchpool also works as a distribution mechanism for a share of each project’s tokens. Owners of BNB and other eligible assets could choose to lock their tokens for a predetermined period in each campaign to earn additional token airdrops.
ListaDAO extended the Launchpool rewards through its two assets, slisBNB and clisBNB, which have been in circulation for the last few months. LisaDAO has partnered with Pendle, a tokenized yield trading platform, to carry its own version of clisBNB and offer passive income through exposure to BNB staking and BNB Launchpool locking.
Pendle and ListaDAO to offer more agile tools for BNB passive income
The decentralized protocols Pendle and ListaDAO offer their own wrapped versions of BNB, which can be eligible for rewards similar to locking tokens through the Lauchpool reward program. For the first time in 2025, Pendle will also distribute the wrapped versions of clisBNB and slisBNB, with its own possibilities for locking and staking.
Gaining exposure to Binance Launchpool events is now as easy as just HOLDING Pendle’s clisBNB in ANY wallet.
YT-clisBNB and the SY portion of Pendle LP will earn:
🔹Launchpool APY – claimable in BNB
🔹BNB Staking APY – claimable in slisBNB pic.twitter.com/a2K6TmHRsx— Pendle (@pendle_fi) January 27, 2025
Pendle will carry clisBNB, a new form of the wrapped token issued by ListaDAO. The token combines two forms of passive income for BNB Smart Chain users.
The new tokens on Pendle will have two forms of yield – YT-clisBNB, with Launchpool rewards and BNB staking rewards, and PT-clisBNB, with a fixed stable yield of 45.21% annualized, paying out 1 BNB at maturity and trading at a discount. Once again, owners can choose the type of asset and pool for their preferred form of yield.
Binance Launchpools remains riskier since the potential value of new tokens remains uncertain, even after a free airdrop.
ListaDAO offers clisBNB as an asset on BNB Smart Chain and will distribute the token through Pendle’s services. Staking the token will grant the same yield as staked BNB, in addition to BNB Launchpool rewards. Currently, participation in the Launchpool requires the holding of Lista-staked BNB (slisBNB) through the Binance Web3 wallet.
Pendle and ListaDAO simplify the process by granting the same rewards for holders of clisBNB held in any wallet. The two tokens, clisBNB and slisBNB, will remain the only on-chain possibilities for tapping Binance Launchpool rewards but will have different entry points for Pendle users.
Within ListaDAO and Pendle, the asset can be further locked in two forms to choose which type of yield to receive.
As of January 2025, slisBNB has a supply of 576,748.51 tokens, trading at $681.68, tracking the price of the underlying BNB token. For now, Pendle has not given a projected supply for its version of clisBNB, instead relying on upcoming demand.
Pendle locks in $5.31B in total value, producing $28.72M in annualized fees from its activity with yield derivatives tools.
What is slisBNB and clisBNB
The two tokens are derivatives of BNB Coin, created through different on-chain actions. The slisBNB asset stands for Liquidity Staked BNB.
The creation of clisBNB hinges on collateralized BNB. Both assets are used to participate in campaigns in the BNB Smart Chain ecosystem. The tokens can give different forms of access to Binance launchpool campaigns, TrustWallet launchpools, Megadrop events, airdrop points for specific projects, and similar use cases.
The two tokens add another tool to stake BNB, producing new tools for liquidity in the decentralized Binance ecosystem. ListaDAO aims to fill the gap of lending protocols in the BNB Smart Chain ecosystem. The platform’s initial goal was to mint stablecoins, but it ended up developing clisBNB and slisBNB as new liquidity, staking and reward-bearing tools.
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