Recently, there is an interesting opportunity in the DeFi market worth paying attention to.

Currently, the interest rates on lending protocols are at historic lows, with borrowing costs in some markets as low as 0.41%-2%. At the same time, a major exchange's stablecoin wealth management product is offering a 20% APR promotion (until January 23, 2026). The combination of these two conditions creates a good arbitrage opportunity.

How exactly to do it? Use interest-bearing assets as collateral. For example, tokens like slisBNB, wBETH, PT-USDe, asUSDF that generate yields themselves. When collateralized on DeFi protocols, they can continue to earn staking or yield. Then, borrow stablecoins at very low costs and invest those stablecoins into wealth management products. This way, you can earn from the collateral's inherent yield and the high interest rate of the wealth management product simultaneously, without missing out on either.

Let's do the math: native yield from collateral + 20% wealth management rate - 0.41%-2% borrowing rate, net profit easily exceeds 18%. Plus, you still hold those interest-bearing assets, and if their prices increase, you also benefit from asset appreciation.

The operation steps are very simple. First, select a supported interest-bearing asset vault on a DeFi lending platform. Then, collateralize assets like PT-USDe or slisBNB to borrow stablecoins. Finally, transfer the stablecoins to a major exchange to subscribe to wealth management products. Maximize capital efficiency.

It’s important to note that maintaining a healthy collateral ratio is crucial. During extreme market fluctuations, there is a risk of liquidation. Also, this high-yield activity has limited quotas, and if more people participate, the interest rates may decrease. Interested users should stay updated promptly.