$LISTA
Lista Lending released a big move late at night! BTC mortgage to borrow BTCB, 0.38% interest rate to get BNB, Binance ecosystem once again set off a "Matryoshka" craze.
Just last night (April 30), BNB Chain's top lending protocol Lista DAO's lending product Lista Lending launched three new markets at once! Not only does it allow BTC mortgage to borrow BTCB, it also allows users to use Trump's "patriotic stablecoin" USD1 to get BNB at an ultra-low interest rate of 0.38%. What's even more exciting is that the PT-clisBNB lying on Pendle is directly turned into collateral. This wave of operations made Venus next door dumbfounded: "Brother, are you playing DeFi Lego here?"
1. BTC Vault is online, playing the "BTC begets BTC" nesting doll technique
◦ Pledge BTCB to borrow BTCB: Users can now pledge BTCB or other assets (such as WBNB, solvBTC) to borrow BTCB in three markets: WBNB/BTCB, solvBTC/BTCB, and USD1/BTCB.
◦ New arbitrage posture: Assuming that BTC prices fluctuate, users can pledge BTCB to borrow more BTCB, and use leveraged contracts for hedging, and the annualized return can easily exceed 30%.
◦ Secret war of giant whales: On-chain data shows that a certain address has pledged 172 BTCB to borrow 80 BTCB, suspected to be hoarding ammunition for Binance Launchpool's new project.
2. PT-clisBNB becomes collateral, free Pendle income + BNB new issuance
◦ What is PT-clisBNB: This is the income token of slisBNB (Lista liquidity pledge BNB) on Pendle, with an annualized rate of about 14.86%. Now users can pledge PT-clisBNB-30OCT2025 and borrow WBNB at an interest rate of 0.78%.
◦ Double income secret: While eating Pendle interest, borrow BNB to participate in Binance new issuance, and the annualized comprehensive income may exceed 50%.
◦ Risk warning: If the price of BNB plummets before October 30, PT-clisBNB may face liquidity discount.
3. USD1/WBNB market: "Patriotic wool" for Trump fans
◦ Borrow BNB at an interest rate of 0.38%: Deposit USD1, the "patriotic stablecoin" issued by the Trump team, and you can borrow BNB at the lowest interest rate in the entire network, which is suitable for short-term new issuance parties.
◦ Politically correct arbitrage: WLFI (Trump crypto project) users can move idle USD1 to BNB Chain, earning interest and airdrops at the same time.
◦ Decoupling alert: Although USD1 claims to be 1:1 anchored to the US dollar, the on-chain reserves are not fully transparent. Be careful not to become the next UST.