2026-01-04 17:21:53

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.

LISTA0,22%

USD1-0,01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
4
Repost
Share

Comment

0/400

FloorSweeper

· 19h ago

1% borrowing cost hedges 20% investment returns, sounds like a risk-free profit, but in practice, the risks are not small either --- lista's project has too little presence; if not for data manipulation, no one would pay attention --- Stable income is never truly stable when you're about to bottom out; it's always been like that --- For a 20% APY investment product, I just want to ask when it will blow up, is the probability 80% or 90% --- Borrowing 1 dollar with a spread, and also guarding against smart contract risks and exchange risks—how much profit is actually made overall? --- Playing such safe arbitrage in a bull market requires a strong mindset. I can't let go of the coin's price increase --- The phrase "limited time window" sounds problematic; it's usually a bait --- A lending scale of 30 million is neither big nor small; whether liquidity is deep enough isn't mentioned --- I'll just ask: are this 1-2% cost really stable? What about during a flash crash? --- Arbitrage opportunities are there, but very few can actually execute them. Most people are still betting on price increases

View OriginalReply0

OnChainDetective

· 19h ago

Wait, a borrowing scale of 30 million with 20% interest... There's something behind this number. Top-tier exchanges daring to offer such high APR must have someone backing them up, right? These past couple of days, I've been looking at on-chain data and feel like large investors are testing liquidity depth.

View OriginalReply0

GasWaster

· 19h ago

Hey, a 1-2% lending cost with 20% investment return... that spread can indeed be arbitraged. Wait, do exchanges really offer a stable 20% APR? That requires a lot of caution. A scale of 30 million USD1, doesn't that seem a bit small? Honestly, who still cares about such stable returns? Everyone just wants to gamble on the coin price. By the way, when does that exchange's investment activity end? Is it really worth paying attention to?

View OriginalReply0

BearMarketBuilder

· 19h ago

1-2% borrowing costs paired with 20% returns—this spread is indeed tempting, but it depends on who can stay steady and not chase the rally. Wait, will the USD1 pool with a scale of 30 million face liquidity risk? That's how a bull market is—stable arbitrage seems dull, everyone wants to go all in for a big win. You need to carefully read the details of a certain leading exchange's promotion; there's always some trick behind high APR. Interest rate arbitrage, to put it simply, is about earning some peace of mind money, which is a bit of a luxury in the crypto world.

View OriginalReply0