As a mainstream DeFi protocol on the BNB Chain, Lista DAO has become a powerful tool for arbitrageurs due to its ultra-low borrowing costs. The protocol's peak TVL once exceeded $4.3 billion, with the interest rate for borrowing USD1 at only 0.84%-1%, making this cost advantage truly hard to find in the market.

The core logic of arbitrage is actually quite straightforward: collateralize blue-chip assets like BTCB, ETH, or BNB into Lista DAO to borrow USD1 stablecoins. Then, transfer the borrowed USD1 to a leading exchange's financial product, which can lock in approximately 20% annualized yield. As a result, the interest rate spread between borrowing costs and investment returns exceeds 18%, with relatively manageable risk exposure.

What's even more interesting is the "nested" play. By staking BNB to obtain liquidity staking certificates, users can enjoy POS rewards while continuing to use these certificates as collateral to borrow assets. Holding these certificates also allows participation in a major exchange's Launchpool and airdrop activities, enabling multi-dimensional yield from idle funds.

The actual operation is not complicated: first, deposit mainstream assets into Lista DAO and borrow USD1; second, invest the stablecoins into yield products; third, stack staking rewards and potential airdrops to generate multiple income streams from idle funds. This combined strategy is indeed attractive to participants sensitive to capital costs.