A week ago, I suddenly received a notification: a transfer of 0.12x slisBNBx.
At that time, I didn’t think much of it and didn’t really consider where this unexpected opportunity came from, until just now when I took a glance.
I then remembered that it was related to the "Smart Lending" feature that Lista launched for the BNB Launchpool update.
In simple terms, now you can mortgage BNB/slisBNB LP for lending on Lista, and the mortgaged LP will also generate corresponding slisBNBx certificates and enjoy Launchpool benefits.
🤔 So, what advantages does this have compared to traditional lending?
1️⃣ In traditional lending, the mortgaged BNB does not earn interest, whereas here there is currently 0.1% (the trading volume on Lista's built-in DEX is still not large enough to take off).
2️⃣ The lending interest in traditional lending is higher than that of smart lending.
3️⃣ In Lista's BNB circular lending mode, to redeem from the circular, you need to redeem all the slisBNB, while smart lending only requires a portion, currently 2/11 of the slisBNB, which can reduce capital usage.
4️⃣ The mortgaged slisBNB/BNB LP can choose to redeem at a fixed ratio or redeem all slisBNB or BNB, which means an automatic swap, reducing the redemption steps.
However, regarding the depth of the swap, I haven't compared it yet; generally speaking, the wear and tear on redemption is lower.
For those interested in the smart lending model, you can check the quoted post below 👇
Additionally, in order to promote smart lending, Lista is holding an event on Galxe, where trading over 0.121 BNB gives you a chance to share $5000, so you can give it a try.
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi Enthusiast: BitHappy
