Binance Wallet TGE New Borrowing Option - Lista Lending
TGE new borrowing now has an additional option, LISTA Lending, no longer dominated solely by Venus.
Previously, Chicken Brother wrote two articles introducing how to borrow 3 BNB from Venus and AAVE using collateralized lending methods, allowing participation in wallet TGE without fear of BNB price fluctuations, only needing to pay almost negligible interest and less than 1 USD in fees.
Now there is an additional option, using Lista Lending to borrow 3 BNB for new investments (a tutorial with images will be released later). Currently, the supported collateral assets include BTC, SolvBTC, and pt-clisBNB, with WBNB being lent out, which can be converted to BNB without loss. Although only these three types of collateral assets are currently supported, it is expected that more will be added in succession.
If you hold BTC and SolvBTC, then you now have another option and are no longer limited to borrowing on Venus. Since Lista is a major BNB staker, the interest rates are expected to be better than Venus, and the lending interface is simple and user-friendly. Venus now has a competitor and can't rest on its laurels, and improvements to the currently difficult-to-use interface are anticipated.
【Key Highlights of Lista Lending】
Permissionless P2P lending model: Utilizing vaults and markets to provide more flexibility in collateral options.
Dynamic interest rates: Utilizing a multi-oracle system to ensure accurate and fair pricing, with automatic adjustments of interest rates based on market conditions.
- Higher supplier interest rates
- Lower borrower interest rates
Enhanced risk control: Isolating vault risks and protecting borrowers.
In summary, having an additional option is beneficial for us users, and the competition between projects fosters better products.
