Project background
In simple terms, Lista DAO is a decentralized stablecoin lending protocol supported by LSDfi. Lista is a project invested by Binance YZI labs, where the on-chain product resembles a dark forest, with too many Rug projects. Fund security becomes the primary consideration for every on-chain player, especially for on-chain lending platforms, where a powerful backend ensures the safety of product contracts. The project currently has a TVL of $749.74m on the BNB Chain, ranking third in total TVL and second in lending platforms (only behind the capital-heavy platform Venus).
Advantages of Lista Lending
1. Better interest rate mechanism
Lista Lending adopts an innovative P2P model, utilizing advanced interest algorithms to make borrowing rates more flexible. The borrowing rate for $BNB can be as low as 0.84% and as high as only 2.05%. In contrast, Venus's borrowing rate for $BNB is 4%-5%, and when fully borrowed, it can even exceed 28%. Aave is similar, and its TVL on the BNB Chain is far lower than Lista's. (TVL: $146.52m) The importance will be evident going forward.
2. Higher capital utilization rate
Lista Lending generally achieves a capital utilization rate of 90%, and its P2P lending model effectively matches supply and demand, reducing idle funds. In contrast, Venus has a lower utilization rate, typically around 32%. Although Aave has various mechanisms to improve capital efficiency, its overall utilization rate is not as high as Lista Lending.
3. More effective risk isolation
Each vault in Lista Lending has its own liquidation parameters, and risks between vaults are isolated from each other, reducing the risk of a cascading liquidation reaction and enhancing the risk resistance of both borrowers and lenders. Traditional DeFi lending protocols like Aave and Venus usually share risks among core pool assets, which can lead to systemic risks if issues arise.
4. Mortgage loan participation in Binance's new projects
In Lista DAO, users can stake BNB to obtain liquid staking certificates slisBNB and earn yields, and use $BNB as collateral to borrow lisUSD, which also provides borrowing limits for clisBNB, allowing participation in Binance Launchpool's new projects, thus offering users more earning opportunities. Aave and Venus do not have such a rich combination of collateral lending and functionalities like participating in Binance's new projects.
Overview of Lista Finance gameplay and earnings
🔥 Strategy 1: BNB staking yields
🔥 Strategy 2: slisBNB staking yields
🔥 Strategy 3: lisUSD staking yields
🔥 Strategy 4: USDT staking yields
🔥 Strategy 5: ETH, BTCB staking yields
Eat fish and gain more activity one: Lista Stable Finance (targeting users holding BNB, USDT, BTCB, ETH, etc.)
🎉 $BNB stable finance path: (→ Stake $BNB)
🎉 $BTC, $ETH, USDT stable finance path (→ Stake $USDT, $BTC, $ETH)
🎉 Earn BNB + Lista rewards by using 1 + 2 + 3, (path: → Stake BNB to obtain slisBNB → Stake slisBNB to borrow lisUSD stablecoin → Stake lisUSD to earn Lista rewards)
Compared to the yields of centralized platforms, Lista Lending's APR is higher.
$BNB's stable annual yield recently stands at 28.6%
$USDT's yield is 13.47% (USDT assets will be converted 1:1 into lisUSD and deposited into the lisUSD stable pool, where you will receive an annualized 6.29% LISTA yield + 7.18% lisUSD savings interest)
$BTC and $ETH can earn lisUSD stablecoin yields (7.18% lisUSD savings interest) through staking to borrow lisUSD. They can also participate in collateral to borrow other assets for borrowing gains. There are over-collateralization limits here, and with BTC and ETH's price fluctuations, we emphasize lisUSD's stable returns, so be cautious with over-collateralization rates.
Eat fish and gain more activity two: Binance Launchpool
🎉 $BNB stable finance earnings + Launchpool earnings path: (→ Stake $BNB to obtain slisBNB)
🎉 Borrowing $BNB to participate in the launchpool path: (Stake USDT and other assets → Borrow slisBNB or BNB)
Because Binance Launchpool supports calculating the amount of lisBNB held in Binance Wallet, staking $BNB in Lista allows for short-term earnings from Launchpool. You can also leverage other assets in Lista to borrow BNB and participate in Launchpool activities, but be cautious of the over-collateralization rate.
Eat fish and gain more activity three: Binance wallet IDO
🎉 Borrowing $BNB to participate in the wallet IDO path: (Stake USDT and other assets → Borrow $BNBx3 → Repay at the end of the event)
For the IDO event, just stake 3 BNB during the event period (usually just a few hours), and as long as we use Lista Lending to stake assets worth over 3200u, we can easily borrow 3 BNB to participate in the new projects. After the event, we just need to repay the BNB, with a very low short-term borrowing APR, easily earning some rewards. The minimum is 30u (ninth period), and the latest period has 70u (tenth period).
Eat fish and gain more activity four: Binance Megadorp
🎉 Borrowing $BNB to participate in Binance Megadorp path: (Stake USDT and other assets → Borrow $BNB → Stake $BNB → Repay at the end of the event)
The Binance Megadorp activity combines project tasks and periodic $BNB staking tasks. We use Lista for lending, and after the short-term activity ends, we can redeem $BNB assets and repay (again, pay attention to the over-collateralization rate).
Eat fish and gain more activity five: Binance Hodler airdrop
🎉 Borrowing $BNB to participate in Binance Hodler airdrop path: (Stake USDT and other assets → Borrow $BNB → Stake $BNB → Repay at the end of the event)
The Binance Hodler event takes snapshots of the $BNB amount in the Binance account for airdrops, following the same method as above. Borrowing $BNB and placing it in the account allows for easy completion of the Hodler airdrop once the short-term event ends and the funds are repaid.
After reading the above description, you should understand why Lista Lending can become an important strategy in BNBFi, regarded as the ultimate solution for Binance's new projects. The innovation of Lista Lending will effectively utilize your funds in the BNB Chain, allowing your earnings to soar!