Let's get straight to the point: I'll teach you about on-chain lending, which only requires a little gas, and the lending interest is lower than exchanges.
First, prepare USDT in your Binance wallet on the BSC chain, then find Venus (a large and highly secure lending platform in the BSC ecosystem) in your wallet dapp.
On-chain lending process:
This way, BNB will arrive in your wallet, and we can use it to participate in TGE, then wait until TGE ends to return BNB step by step. Remember to sell a little of the new coins as interest so that you can fully repay.
End of borrowing steps:
Borrowing is complete, and now you can enjoy low-risk activities in your wallet!
You might be curious about what this lisUSD collateral is and how it can also be used as collateral.
This must be mentioned about Lista DAO on the BSC.
The leader in innovating the BNB chain DeFi ecosystem.
In the decentralized finance (DeFi) field, Lista DAO is shining brightly on the BNB chain. Its goal is to create a platform that integrates transparency, security, and innovation, striving to become a key pillar of the DeFi ecosystem.
Lista DAO is the predecessor of Helio Protocol. In August 2023, Binance Labs made a strategic investment of $10 million, injecting strong momentum into Lista DAO. On June 20, 2024, Lista DAO's governance token LISTA successfully launched on Binance, attracting significant attention.
Its innovative mechanism is very impressive. The liquid staking mechanism allows users to stake BNB to receive slisBNB, enjoying staking returns while being able to use assets flexibly on other DeFi platforms. This enhances user asset liquidity and capital efficiency, simplifying the staking process.
The CDP (Collateralized Debt Position) mechanism is innovatively expanded based on the MakerDAO model. Users can over-collateralize classic collateral assets like ETH and BNB, as well as innovative collateral assets like slisBNB and wstETH, to borrow decentralized stablecoins.
lisUSD. Over-collateralization reduces the risk of loan default, while the innovation zone allows for collateralizing innovative liquid staking assets like WEETH and STONE, enriching collateral options.
Lista DAO is also actively collaborating with well-known industry protocols like Etherfi and Renzo Protocol to expand its ecosystem and provide more value to users. In terms of security, it conducts regular audits to ensure platform and user asset safety.
In the future, Lista DAO will continue to innovate, optimize products, strengthen cooperation, and provide users with a higher quality DeFi experience.
Moreover, Lista Lending, which will launch on April 7, 2025, is a decentralized P2P lending platform introduced by Lista DAO, aimed at enhancing DeFi lending efficiency with innovative approaches.
The platform supports suppliers in depositing assets (such as USDT) into the vault, with the system automatically matching borrowers across markets to maximize benefits for both parties; a multi-oracle-driven dynamic interest rate mechanism adjusts rates in real-time based on market usage; a strict risk control system isolates vault risks, and when the collateral value falls below a set threshold, the liquidation mechanism is immediately activated. Additionally, users can lock LISTA tokens to generate veLISTA, which offers extra yields and governance rights.
lisUSD is a stablecoin asset of this platform, so why should I hold it? Because its yield is very attractive, with an annual return consistently above 10%, it's really appealing. So I put some USDT in it. If you are also an on-chain player, you might want to check it out.
