A common issue for friends participating in Binance's wallet airdrop activities is wanting to participate but not having enough BNB. When the event starts, they worry about the price dropping after buying, making the potential gains from the new offerings not worth the losses. A method we often use is to hedge with contracts; this method is feasible but has the downside of high transaction costs. Today, I will introduce another method, which is likely also a response from Binance and the project team to fill the gap in the BNB lending market. They have launched a new feature in Lista Lending, greatly facilitating users with idle BTC and SOLVbtc assets who want to borrow BNB to participate in various activities in the Binance wallet, especially making it easier for retail investors to participate in new offerings. Next, I will explain how to use Lista Lending to borrow BNB and participate in various new offering activities in the wallet.
Step 1: Search in the Binance wallet and open the DApp for Listadao.
Step 2: After entering, click the newly launched Lista Lending button.
Step 3: Find the vault, click on the option for Lista BNB Vault to enter.
Step 4: Then select the asset to be pledged; there are three options available: SolvBTC, BTCB, PT-clisBNB.
Step 5: Enter the selected vault, deposit the amount of collateral, borrow WBNB, click the deposit loan button, and authorize to confirm.
Step 6: On the same page, you can make repayments and withdrawals. After using BNB, you can retrieve your pledged assets after repayment and interest payment.
🚗 Note that Lista Lending currently supports collateral mainly in BTCB, SolvBTC, and PT-clisBNB on the BNB chain, which is very friendly for those with BTC-related assets on the BNB chain.
🚗 The borrowed asset is WBNB, which can be exchanged for BNB at a one-to-one ratio in the wallet.
🚗 Lista DAO is one of the top decentralized lending protocols on the BNB chain, with guaranteed security.
