Catalyst
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What is Catalyst?

Catalyst is a DeFi protocol that allows for the creation of synthetic NFT derivatives called Lysts. Our Lysts are tokens that track the value of NFTs being sold in a marketplace, such as art, video games, and metaverses. These Lysts provide anyone in the world with the tools they need to invest in a transparent NFT index fund that reduces the risk of owning any single NFT and lowers the barrier to invest in the NFT space.
On the Catalyst platform, you will lock collateral and mint Lysts. These Lysts are composed of a transparent portfolio of sales being made in the underlying NFT market. For example, MetaLyst is the median sales price of parcels being sold on Decentraland in a given time period.
The Lyst token is minted by the protocol and distributed as a reward to reinforce behavior that secures the ecosystem. Catalyst ensures liquid Lyst markets by rewarding Lyst tokens to users who stake LP tokens obtained through providing liquidity. Lyst is valuable as it can be staked to receive voting privileges and earn a share of the protocol's CDP withdrawal fees.
Catalyst is a project developed and steered by its community through Lyst incentives, and the protocol evolves with new ideas through democratic governance

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Last modified 6mo ago