2026-01-08 20:22:17

Recently, a stablecoin incentive program launched by a major exchange has attracted a lot of attention, with the first 50,000 tokens offering an annualized return of 20%. However, compared to that, the opportunities in the Lista DAO lending market might be even more worth exploring—using mainstream assets like BTCB and ETH as collateral, the borrowing interest rate can be pushed down to around 1%, which is indeed ridiculously low.

Lista DAO: A DeFi Multi-Tool in the BNB Ecosystem

When it comes to Lista DAO, many people still think of it as a liquidity staking tool. In fact, this protocol has evolved into a comprehensive DeFi platform covering modules such as lending, RWA, DEX, and CDP. Simply put, it aims to be the most core infrastructure within the BNB ecosystem, with the main goal of solving liquidity shortages and low collateral lending efficiency.

The cleverness of this protocol lies in combining the CDP model with liquidity staking mechanisms, then issuing a stablecoin called lisUSD. Users can use assets like BNB and ETH as collateral to generate lisUSD, significantly improving capital utilization. The entire ecosystem is built around three core tokens: the stablecoin lisUSD, the liquidity staking token slisBNB, and the governance token LISTA. This architecture is somewhat like a combination of MakerDAO and Lido, each playing its respective role.

Why Can Borrowing Costs Be So Low

Lista Lending adopts the AdaptiveCurveIRM interest rate model, which is the technical foundation that allows it to maintain low borrowing costs. Through an adaptive mechanism, the system can dynamically adjust interest rates under different market conditions, ensuring both cost control for borrowers and stability of the lending market.

Complete Process of Borrowing USD1 Using BTCB as Collateral

To participate in this arbitrage, the first step is to prepare BTCB (make sure it’s in BEP-20 format) and deposit it into a wallet supporting BNB Chain, such as MetaMask. By the way, you should also keep some BNB in your wallet to pay for Gas fees.

Once ready, log in to the Lista DAO official website, connect your wallet, and enter the lending interface. Choose to deposit BTCB as collateral, and the system will calculate how much USD1 you can borrow based on the real-time collateral ratio. This process is basically effective in real-time, with no approval waiting needed.

After successfully borrowing USD1, you need to transfer it from BNB Chain to a certain exchange. Use the exchange’s deposit function to get the USD1 receiving address, then transfer the asset out via cross-chain bridge or direct transfer. Although the entire process involves several steps, the operation logic is quite clear, and for users familiar with DeFi, it’s almost effortless.

LISTA-5,54%

ETH0,54%

BNB-1,43%

USD1-0,03%

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DegenTherapist

· 18h ago

1% borrowing interest rate? That's indeed outrageous, feels a bit too good to be true. 2. It's that same method of collateralizing to generate stablecoins; MakerDAO isn't even this cheap. 3. There must be risks behind the low interest rates; better to observe first before taking action. 4. The AdaptiveCurve model sounds professional, but can the actual returns reach half of what the promotion claims? 5. Lista on the BNB Chain is indeed a good infrastructure, but is the liquidity really sufficient? 6. Cross-chain and wallet binding again; no matter how simple the operation, be careful of Gas fees eating into your profits. 7. Much more reliable than 20% annualized; low-risk stable returns are the way to go. 8. Wait, the borrowed USD1 also needs to be transferred to an exchange? That's quite a few steps. 9. This architecture does have a MakerDAO shadow, but whether it can operate sustainably depends on user scale. 10. The 1% interest rate probably won't last long; it should be adjusted once the hype dies down.

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DAOdreamer

· 23h ago

1% borrowing interest rate? How stable does it need to be to sustain that? 2. The lista project really has something, much more reliable than those flashy incentives. 3. Another project aiming to build ecosystem infrastructure, this routine is getting old haha. 4. Wait, is this really 1% or just another bubble? 5. My hands are getting itchy, I need to try this BTCB collateralization process. 6. The BNB ecosystem has another versatile player, now it's really heating up. 7. It's indeed outrageous, but you need to clearly see where the risks are. 8. That 20% annual yield is interesting, but I still need to think about lisUSD. 9. The combination of CDP + staking is really learned, quite interesting. 10. If a 1% cost can really be maintained, it would completely rewrite the lending landscape. 11. The operation logic is clear, but still need to be cautious. 12. Is lisusd, this stablecoin, reliable? That's the key. 13. The adaptive interest rate model looks advanced, but how effective is it in practice? 14. Need to keep more BNB for gas fees, this calculation needs to be carefully considered.

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ForkLibertarian

· 01-11 05:01

1% borrowing rate? That's pretty outrageous, but it actually feels too good to be true and a bit unsettling. Wait, isn't this another high APY trap? What happened to those projects with 20% and 50% APYs before? Wow, a combo of CDP and staking—MakerDAO's strategy copied onto the BNB Chain. It seems like this time they might really be making a splash. By the way, is this adaptive interest rate model reliable? Could market fluctuations suddenly cause the rates to spike? Borrow BTCB to generate stablecoins and arbitrage—sounds simple, but how much are the gas fees? Can small players make a profit? Finally, there's a decent infrastructure in the ecosystem. BNB Chain has been relatively weak in this area; I’m optimistic about this development direction. But is it possible for lisUSD to decouple? Stablecoin risks still need to be considered; don’t just look at the annualized rate.

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BlockchainGriller

· 01-08 20:52

1% borrowing rate? Isn't this just charity, feels like a scam 2. lista really went all out this time, directly mixing makerDAO and lido 3. Wait, can this borrowing cost really be sustained, or is it another dollar trap 4. Cross-chain transfers involve so many steps, won't the gas fees eat up most of the profit? 5. Feels much more reliable than that 20% annualized rate, finally seeing something tangible 6. I've seen this CDP trick before, don't tell me there's going to be another liquidation storm 7. Low interest rates are tempting, but I'm more concerned about where the risks are 8. lista has something going on, the BNB ecosystem finally has a contender 9. Real-time activation without approval, sounds too smooth, there must be a problem somewhere 10. Can this interest rate model truly be adaptive, or is it just a liquidity attraction gimmick

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TestnetScholar

· 01-08 20:49

1% borrowing fee? Come on, that sounds like a dream. 2. Wait, lista's combination punch does have some real stuff, but does anyone talk about the risks? 3. Both arbitrage and cross-chain, won't the fees eat up half of the profits? 4. Compared to that exchange's 20% annualized return, lista is indeed attractive, but how's the stability, everyone? 5. I'm overwhelmed, DeFi yields are getting more competitive, 1% really beats those financial products. 6. Just want to ask how long this interest rate model can last, it feels too good to be safe. 7. I tried last time, liquidity staking + lending combo really improves efficiency, but gas fees are a real trap. 8. lista's architecture truly captures the essence of top protocols, feels very promising. 9. Has anyone actually operated it? I'm a bit worried about the complexity of the process. 10. Evolving from a staking tool to a multi-functional platform, this development approach is really quite clear. 11. Comparing 1% and 20% is fine, but the risk exposure is completely different, don’t be fooled by the numbers. 12. Finally, there's a decent lending market in the BNB ecosystem, someone should have done this long ago.

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SerNgmi

· 01-08 20:40

1% lending rate? Could this be another night before a flash crash... I'm really starting to lose it this time. It feels like every project in the BNB ecosystem is burning money to subsidize. Sounds good, but I still feel like something's not quite right. MakerDAO went through this before. How are things now? Don't you all have a clear idea? CDP + staking? Alright, I’ll do some research first. This interest rate is truly outrageous. The question is, what about the liquidity? I just want to ask if anyone has been rug-pulled before, and then decided to get in again. How does lisUSD, this stablecoin, actually ensure it doesn’t lose its peg?

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NeverPresent

· 01-08 20:37

1% borrowing cost is truly outrageous. Is this trying to wipe out other lending protocols? 2. Wait, is this AdaptiveCurveIRM a new thing? I haven't heard of it. 3. Damn, I have to do cross-chain transfers again, and the gas fees are going to hit me hard. 4. So, how big is the actual arbitrage space in the end? After detailed calculations, it doesn't seem as lucrative as I imagined. 5. The combination of MakerDAO and Lido sounds really interesting. 6. The operational logic looks simple, but I'm still a bit worried about making mistakes. 7. The 1% borrowing cost—are there hidden fees I haven't seen? 8. Why are all projects suddenly competing in lending? Is this a new trend? 9. Is lisUSD's stability really reliable? I'm worried it might be the next collapse. 10. For the BNB ecosystem, this is indeed a big move—core infrastructure.

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GateUser-6bc33122

· 01-08 20:29

1% borrowing rate? You should give it a try, feels like I haven't caught this opportunity before. 2. lista really broke the game this time, I hadn't paid attention to its lending module before. 3. Low interest rates sound great, but you need to check the collateralization ratio carefully to avoid liquidation later. 4. Feels a bit too good to be true; opportunities like this usually come with traps. 5. Competing with Maker but at a lower cost? BNB Chain's infrastructure should also step up. 6. The question is whether the liquidity is deep enough, and whether the borrowed USD1 can be easily withdrawn. 7. The 20% fee from the exchange isn't comparable; one is for holding tokens, the other is for lending. 8. Real-time effect without approval is indeed convenient, but risk prevention is necessary. 9. Is anyone actually using this? I'm worried it might be another high-APY trap.

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