Have you ever thought about earning interest spreads in the crypto world just like banks do?

The secret of traditional finance is simple—borrow cheap money and invest it in more profitable places. Smart people in the DeFi world are now doing the same. And the Lista protocol just gives them this opportunity: maintaining a borrowing rate below 2%, which is top-tier in the entire lending market.

**Why is it so cheap? The secret behind the three-layer design**

First, the collateral accepted by this protocol is not ordinary. Assets like slisBNB, stETH, and others generate continuous yields themselves. In other words, what you pledge is earning money, which naturally reduces the protocol’s risk and allows for lower costs.

Second, there's a separation in stablecoins—USD1 is the base stablecoin, and lisUSD is the interest-bearing version. People depositing funds no longer seek traditional interest but instead directly earn staking yields. As a result, the interest rates on the borrowing side can be kept very low, optimizing the entire ecosystem’s cost structure.

The third detail is dynamic adjustment. The system automatically adjusts interest rates based on what assets you collateralize and market liquidity conditions. Collateralizing blue-chip assets can enjoy more favorable terms, which is a differentiated design. When the protocol’s liquidity is abundant, borrowing costs can continue to decrease.

**Benchmarking the market, these numbers speak**

Compared to the industry in 2024, the borrowing rates for stablecoins on other mainstream lending protocols are above 5%. Lista can maintain below 2%, which is a significant advantage—not just a small one. From an annualized yield perspective, the difference could be three times or more. For those doing interest spread arbitrage, this is a clear Alpha opportunity.

The key is that this low rate can be sustained because the protocol’s design is self-consistent, not relying on subsidies to survive.