Lista Lending is very simple, but the simpler it looks, the easier it is for newcomers to fall into pitfalls.
It's not that you can't operate, but that you:
• Borrowing too much and collateralizing too little.
• Don't understand health rate, forget to click Claim.
• Clearly can compound interest but did nothing.
• Bought LISTA when it first launched but did not participate in the actual token issuance system.
So I wrote down the 5 typical rookie mistakes I encountered/committed during my practical operations, so you won't take detours.
Error 1: Health rate too low, easily getting liquidated.
Many people think that Lista is "invincible as long as you collateralize",
But it is an over-collateralized system, and health rate is key.
[Newbie Pitfall]
Having collateralized slisBNB, you can dare to borrow lisUSD to the maximum limit.
[Correct Approach]
Maintain health rate ≥ 200% (suggested 250% for more stability).
• Collateral value of $1000, only borrowing $400~500 is rational.
• The platform homepage has red/green health indicators; just stay in the green zone to feel secure.
Error 2: Only collateralizing the main BNB coin, not converting it to slisBNB.
Many people open it and directly want to collateralize BNB,
But Lista Lending does not accept direct BNB collateral; it must be staked to generate slisBNB.
[Newbie Pitfall]
Deposited BNB, found it couldn't be operated, and just closed it.
[Correct Approach]
Use the built-in function to convert BNB → slisBNB (completed in one step).
slisBNB is the core asset that supports collateralization + participating in incentives.
Error 3: Only borrowing and not claiming, missing out on LISTA rewards for no reason.
Do you think just borrowing lisUSD is enough?
LISTA incentives need to be claimed by yourself.
[Newbie Pitfall]
After borrowing, without operating Claim, missing the reward claiming window.
[Correct Approach]
• Open the Lista page → Claim → Funds arrive in the wallet immediately.
• You can set a fixed time each day to Claim (for example, morning and evening).
• Rewards do not automatically go to the wallet; claiming is what truly counts.
Error 4: Borrowing lisUSD but not knowing what to do with it.
Many newcomers borrow lisUSD and then let it sit in their wallets.
[Correct Usage] (choose any one)
• Used to participate in other platform LP / Launchpool.
• Convert to FDUSD / USDT → Engage in arbitrage or wealth management.
• Convert back to BNB → Stake again → Amplify collateral → Compound interest roll.
• Participate in ecological linkage tasks, such as wallet points, Web3 Quest, etc.
lisUSD ≠ worthless debt, but rather a stable asset on the chain.
Error 5: Thinking LISTA has no value just because the price is low, and not participating directly in buying.
Many people see the low price of LISTA and only think about 'buy low, sell high', but end up getting trapped as soon as they buy.
[Optimal Strategy]
Participate in on-chain incentives → Get LISTA at a lower cost, with less risk, and potential for reinvestment.
When buying coins, you need to judge the market and bear volatility;
Participating rewards you as an internal producer of the system, more stable and sustainable.
To summarize:
To conclude with a truth:
It's not that Lista is not fun,
But you didn't play it right.
As long as you avoid these 5 pitfalls, newcomers can quickly build their own on-chain operational model.
Check in the comments section:
Have you ever stepped into these pitfalls? Do you have other gameplay or reminders? Leave a message.