Have you ever seen a wealth management platform like Lista DAO with an annualized return of up to 7% and also safe?
From being overlooked to having a billion in capital, I was completely stunned after reading this.

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Project background: Who is filling the lending gap in BNB Chain?

The total TVL of BNB Chain DeFi has reached approximately 5.32 billion USD, but lending is only about 1.855 billion, far below Ethereum's lending share (around 46 billion USD) and Base's 1.2 billion USD. This is a clear market gap—users crave more efficient rates, more collateral options, and safer models.

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What is Lista Lending?

Let's talk about the starting point of the dream.

In fact, Helio Protocol is the predecessor of Lista DAO, receiving a 10 million USD investment from Binance Labs in August 2023 and merging with liquidity staking infrastructure provider Synclub to officially form Lista DAO.

The DAO has built a multi-layer DeFi architecture, including:

Liquid staking (slisBNB)

Collateral stablecoin lisUSD.

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Rapid takeoff: Why did it break 1 billion TVL in February?

And the protagonist of this article: P2P lending platform – Lista Lending.

Dual-layer architecture: Vaults (liquidity aggregation) + Markets (independent markets)

What is P2P matching: Funds are directly matched with borrowers, achieving efficiency of ~90%, far surpassing traditional platforms.

Dynamic interest rates + multiple Oracles: Interest rates are dynamically adjusted based on market supply and demand, using Chainlink, Binance Oracle, and Redstone multiple Oracles to avoid price manipulation.

Independent market isolates risk: Risk isolation between Vault and Market to prevent systemic collapse.

Platform launched on April 11: In the first hour, BNB lending reached 10 million USD in just one hour, and within 4 days, user deposits exceeded 189 million USD, with a borrowing peak of 120 million USD. After 4 days of launch, the platform accumulated nearly 189 million USD in deposits, with a lending peak exceeding 120 million USD.

During the same period, the BNB vault deposits reached about 190,000 BNB (approximately 111 million USD), with 92,000 BNB lent out, and real-time borrowing rates as low as 0.78%–0.84%.

CZ's support: Binance founder CZ tweeted strong support for the project.

High efficiency + low cost: Borrowers can get the lowest interest rate ~0.58–1.86%, with BNB borrowing as low as 0.84%, significantly lower than Venus and other platforms.

Ecosystem integration: Supports BTCB, PT‑clisBNB, solvBTC, etc., as collateral to borrow BNB, and can implement looping strategies with Launchpool.

Building two major Vaults: BNB Vault (~169 million USD in deposits) + USD1 Vault, which introduces the USD1 stablecoin for the first time on BNB.

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Growth flywheel & gaining CZ's recognition, how did TVL happen in February?

Of course, it must be mentioned that CZ gave a thumbs up.

At that time, everyone expected Lista Lending to become an efficient alternative to Venus on the BNB Chain.

Capital utilization rate reaches over 90% with lending rates at <2% (vs. Venus's high of 30%).

It also performed well: TVL broke the 1 billion USD milestone just 4 days after launch, laying the foundation for future development.

So it's not surprising that on June 16, Lista Lending's TVL exceeded 1 billion USD.

Subsequently, several new markets were added (USD1, USDT Vault, solvBTC, wBETH/BNB, etc.), with short-term user transaction volume exceeding 2.3 billion, transaction counts exceeding 2.8 million, and the veLISTA reward pool reaching 230,000 LISTA (~33% APR).

Cooperation expansion: Linked with Caila AI, Moolah BSC, LISTA on HTX Global, and obtained Bail Security safety audit.

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Do you remember when the Australian master brother complained about Venus? Venus originally wanted to retaliate but was suppressed by the replies from the Australian brother. The post and replies were both brilliant and worth a second look.

The most exciting part is that CZ directly called for 'more'.

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Summarizing how Lista Lending quickly reached the top?

Targeting market gaps: BNB lending services are severely lacking.

Innovative mechanism: P2P + Vault/Market dual-layer + dynamic interest rates + multiple Oracles.

Ecosystem collaboration: Deep integration with lisUSD, slisBNB, USD1, Launchpool, and other nodes.

Traffic explosion: Hot from the launch, CZ endorsement, incentive design, and partner pull.

Risk control: Market isolation, auditing, multiple redundancies in Oracles.

The story of Lista Lending is, after all, a typical case of 'doing the right thing slowly, then suddenly exploding'.

This project was originally called Helio, but later merged with Synclub to become the familiar Lista DAO. It didn’t just launch with slogans and airdrops; instead, it gradually laid the foundation, starting from liquid staking (slisBNB), stablecoins (lisUSD), to a truly operational lending platform—Lista Lending. After launching in April 2025, it broke the 1 billion USD TVL milestone in less than two months.

Saying it is powerful is not just because of its scale, but because it manages to do 'lending' in a stable and smart way. Its core design separates money and risk management (vault and market separation), and interest rates are not fixed but automatically adjusted based on supply and demand. Users can also customize and create markets, giving the entire system exceptional flexibility.

Even better, it is deeply integrated with the BNB Chain ecosystem, allowing borrowed BNB to be directly staked to earn slisBNB, and then participate in Binance Launchpool, creating a clear closed loop of profits and a straightforward roadmap.

Many people say Lista is like a substitute for Aave on BNB Chain, but in fact, it's not just a 'substitute,' but has reworked the old lending track and done it in a lighter, faster way that is more in line with current user habits.

Ultimately, this platform runs because its technology is reliable, its product is finely polished, and it has a community willing to play along. If you ask whether it can continue to rise, no one can guarantee that, but it has proven with results: While others are still talking about visions, it has already solidly paved its path.

ALL IN BNBFI