Recently, I focused on the data side of the Lista lending protocol and found the situation quite interesting. Currently, the available lending scale on the platform for USD1 is close to $30 million, with borrowing costs remaining stable at an annualized rate of 1-2%.

From an arbitrage perspective, this gap indeed exists. Lending USD1 on Lista and then turning around to participate in a top-tier exchange's USD1 wealth management product with an annualized return of about 20% creates a significant spread when connecting the two ends. The cost to borrow 1 dollar is just a few basis points, and the borrowed funds can generate a 20% return. Such opportunities are still worth calculating in the current market conditions.

However, everyone is now paying attention to market price increases, and this stable income can easily be overlooked. Some aggressive participants may already be less satisfied with this strategic yield and prefer to directly bet on the rise of the coin price. This is quite normal; after all, in a bull market, steady spread income can sometimes seem a bit ordinary.

By the way, the 20% APR wealth management activity offered by a top-tier exchange has a limited time window. If you're interested, it's best to check the activity deadline in advance to avoid missing out.