Binance Wallet TGE New Loan Option - Lista Lending
The TGE new loan has added another way, LISTA Lending, no longer dominated by Venus alone.
The launch of Lista Lending marks an important moment for Lista DAO and the BNB chain DeFi ecosystem. By addressing market gaps with an efficient lending protocol, Lista Lending not only competes with giants like Venus and Morpho but also enhances the entire ecosystem through its treasury and market design.
⏩ Use your solvBTC or pt-clisBNB as collateral to borrow WBNB
⏩ Interest Rate: 0.58%~2.96%
There is now an additional option, using Lista Lending to borrow 3BNB for new projects. Currently, supported collateral assets include BTC, SolvBTC, and pt-clisBNB, with WBNB being borrowed, which can be seamlessly converted to BNB. Although currently only these three collateral assets are supported, more are expected to be added gradually.
If you are a holder of BTC and SolvBTC, you now have another choice; you are no longer limited to lending only on Venus. Since Lista is a major BNB staker, it is expected that the interest rates will be better than Venus, and the lending interface is simple and user-friendly. Venus now has a competitor and can't afford to be complacent anymore; improvements to its currently difficult-to-use interface are expected.
【Key Highlights of Lista Lending】
Permissionless P2P lending model: Utilizing treasury and market to provide more flexibility in collateral options.
Dynamic interest rates: Utilizing a multi-oracle system to ensure accurate and fair pricing, automatically adjusting rates based on market conditions.
- Higher supplier rates
- Lower borrower rates
Enhanced risk control: Isolating treasury risks and protecting borrowers
In summary, having one more option is beneficial for us users, and the competition between projects also fosters better products.
(This article is part of the Square Writing Campaign)
