Catch the last train for the square essay contest, brothers help out, increase the views. Everyone should have seen a lot of bloggers' research on the project's TVL, innovation, etc. In short, to sum it up, the BNB child project is very stable, and the probability of it running away should be equal to the probability of Binance running away, so those who need it can confidently go for it.
So what can we ordinary players do?
Discussing too much research and technological innovation, everyone can't understand it, and I can't understand it either. If you want to see specific innovations, check the official blog. So I will only say two simple things.
We can borrow BNB with BTC to participate in new launches.
If you are a believer in BTC, always holding BTC spot, but want to participate in Binance wallet's IDO activities, after all, many rounds have produced significant profits. However, if you buy BNB directly, there is a risk of BNB devaluation, leading to a loss in the end. Therefore, you can choose to borrow BNB. The operation is as follows.
Withdraw BTC to the BSC chain; you can just use the Binance wallet.
Search for DApp Lista DAO, and enter the Lista lending page.
Choose Borrow, and find the lending section for BTCB and WBNB.
Collateralize BTCB to borrow WBNB (supply/borrow).
You can see there is a swap to BNB; go there to convert to BNB to participate in the IDO.
We can use BNB Russian nesting dolls for spiral arbitrage.
Friendly reminder, there may be a decoupling situation, so be cautious with risk control.
After researching, the annualized return for directly staking BNB shows around 28, while borrowing BNB is only about 0.67. There is more than 20 points of annualized profit in between, so those who want to arbitrage can operate as follows.
First, select stake BNB on the homepage. After staking BNB, you will receive a certain amount of SLISBNB.
Return to the homepage on the Lista lending page, select the borrow page, and find the SLISBNB and WBNB trading pair.
Use the SLISBNB you just received as collateral to borrow a certain amount of WBNB, choose a smaller amount, and be cautious about the risk.
Swap WBNB to BNB, and at this point, you will have BNB again.
Repeat step 1.
This entire process can amplify your principal amount, increasing your interest rate. For example, if you only have 5 BNB, after this series of operations, you can receive at least 5/4/3/2/1 BNB in collateralized annualized (15 BNB), and you should also participate in the airdrop of Lista DAO. It is expected that around 20 million tokens will be distributed from January to August, and you will be able to claim the airdrop. For specifics, refer to the official Twitter.
Okay, this is what I think retail investors can participate in. As for other matters, participation from non-whales is not very significant.
Thank you all, I hope everyone can achieve their own great results.