As a core DeFi protocol on the BNB Chain, Lista DAO has become a preferred choice for many in wealth management due to its low borrowing rates and diversified yield scenarios. The entire earning system is actually quite clear—low-interest financing combined with efficient value appreciation, with the key being to find strategies that match your risk tolerance.

**How the Conservative Play**

If you prefer stability, the PSM pool is a good option. Deposit USDT and earn an annualized return of 7%-12%. It also offers strong liquidity and manageable risk. Alternatively, you can allocate RWA products, which may seem average with an annualized return of 3.65%-4.71%, but the underlying assets have extremely low default risk, making them more reliable than traditional large deposit certificates, ideal for long-term large capital holdings.

Users holding BNB have a more flexible option—participate in liquidity staking. After converting to slisBNB, you can enjoy an annualized staking yield of 8.95%-12%, while keeping your assets liquid—an excellent combination.

**Advanced Players’ Arbitrage Routes**

Those with some risk appetite can try arbitrage strategies. Using assets like BTCB and PT-clisBNB as collateral, you can borrow BNB from ListaLending at as low as 2% interest. Invest these BNB into a leading platform’s Launchpool to earn new project token rewards. After deducting interest, single-round returns can exceed 4%.

Another approach is to borrow lisUSD to connect with perpetual contracts, building a "spot long + futures short" portfolio. This allows you to earn stable returns from funding rates, with borrowing costs nearly negligible, resulting in an annualized yield of 8%-10%.

**Aggressive Leverage Strategies**

If you seek higher returns, you can try cycle borrowing. Repeatedly collateralize and borrow 2-3 times using staking certificates, then amplify your capital and invest in third-party aggressive vaults, potentially reaching an annualized return of up to 18%. Meanwhile, staking LISTA tokens for governance participation can yield APYs up to 7.2%, plus protocol dividends.

**Risk Warnings Not to Ignore**

But be aware that these strategies come with risks. First, manage your collateralization ratios carefully to avoid liquidation risks, prioritizing mainstream collateral assets. When participating in new project Launchpools, choose carefully to avoid tokens that might dump. Be cautious with cycle borrowing—start with small amounts to test the waters, and only scale up once you feel confident. Also, reserve some fees to hedge against slippage costs during operations.