2026-01-08 07:23:11

Cross-chain transfer fees are really annoying. Instead of fussing over it, why not try a different approach—use your idle BNB or ETH to borrow stablecoins in just 3 minutes, with annualized yields easily surpassing double digits. This might be the overlooked gold rush in DeFi.

ListaDAO is essentially a decentralized pledge lending protocol. You deposit BNB or ETH as collateral and immediately exchange it for lisUSD, a USD stablecoin. The logic is straightforward: no identity verification, no approval process, operates across BNB Chain and Ethereum dual chains, gas costs are almost negligible, you can borrow and repay anytime, with no lock-up period. Currently, the total assets managed by this system are approaching $500 million, and the participation of real users with real money speaks volumes.

But the value of lisUSD doesn’t stop at lending. The borrowed stablecoins can be diversified across the DeFi ecosystem: earn about 15% annualized yield by providing liquidity pools, hedge or short positions on perpetual contract platforms, cross-chain to ecosystems like Tron and Cosmos for further operations, and since it’s pegged to the dollar, the volatility risk is extremely low.

Here’s a real example: suppose you hold 10 BNB (about $6,000), but don’t want to sell for now. Collateralize these 10 BNB to borrow 4,000 lisUSD, half of which is used for liquidity mining earning around 15% annualized, and the other half converted to USDT to invest in a top-tier platform earning 6% interest. What’s the result? You still hold the original BNB, plus two additional cash flows. This is the core logic of on-chain finance.

BNB-1,54%

ETH-0,15%

TRX-0,42%

ATOM-2,24%

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consensus_failure

· 01-10 18:47

The handling fees are indeed brutal, but I need to ponder this lending approach a bit more. I just want to know what kind of liquidity pool can generate a 15% annualized return? Feels like another trap. Is the interest really that stable? Is there no risk? BNB is stuck there, and you can still borrow stablecoins to cash out for cash flow. That logic is quite interesting. Isn't this just a disguised form of leverage? Why does it feel like the risk is being downplayed? Has lisUSD decoupled from its peg yet? How stable is it really? Wait, is it true that gas fees are negligible? I haven't felt that myself. Is it real? With a scale of 500 million USD, is it still niche? Why does it seem like only certain people are playing? This process looks simple on the surface, but in reality, the threshold isn't that low.

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MetaMisery

· 01-09 19:00

It's the same old story, borrowing stablecoins for arbitrage, is it really that simple? --- Wait, does double-chain operation not require gas? What era of public chains is this... --- 15% annualized sounds good, but what about liquidation risk? Has anyone mentioned it? --- How to play when lisUSD keeps depreciating? Isn't it sinking along with the market... --- Two cash flows are indeed attractive, but does the lending contract have an audit report? I haven't seen one... --- Basically, it's still a game of collateralization ratio. If BNB drops 20%, it will be liquidated immediately. Going off-topic, huh? --- I understand the logic, but the question is, is lisUSD liquidity sufficient? What happens when it's time to sell...

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CounterIndicator

· 01-08 07:50

Another one of these "passive income" jokes, claiming an easy double-digit annualized return. How many actually get it running?

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ZenZKPlayer

· 01-08 07:48

Really, the small fee for transaction costs is so annoying. It's better to play with lending for some returns. Idle assets lying around are just a waste. I've already jumped into this double-chain lending. A scale of 500 million USD shows that everyone has figured out the trick. Holding BNB spot, borrowing stablecoins and then flipping them around, an annualized return in the double digits is quite attractive. LizUSD indeed has good liquidity, but risk prevention is necessary. Not having a lock-up period is really comfortable; entering and exiting anytime is just great. An annualized 15% sounds tempting, but you need to clearly understand where the risks are.

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GateUser-cff9c776

· 01-08 07:42

Basically, this is the modern version of "cutting a white wolf with empty hands." It sounds great, but there's always something off in Schrödinger's bull market... However, the 15% annualized return is indeed tempting. Bubbles are also part of the art, and I think it's worth a try.

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WhaleWatcher

· 01-08 07:38

I've been playing with this logic for a long time. It's just that too few people are clever enough to come up with excuses; most only focus on the K-line.

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