A few days ago, a friend who works in traditional finance sent me a screenshot showing a 20% annualized return, still in stablecoins. My first reaction was that I was being scammed, but after chatting, I realized that this guy was playing arbitrage on Lista DAO.

The operation is actually pretty straightforward: stake BTCB, borrow out USD1 at a 1% interest rate. Then put the USD1 into a top-tier exchange's financial product to earn a 20% annualized yield. It’s basically earning a 19 percentage point arbitrage margin for free.

Even more impressive, he found another way — using slisBNB to stake and borrow USD1, earning financial yields while also participating in other incentives. It’s like earning multiple streams of income from one amount of money.

Lista DAO is exactly such a project. At its peak, the TVL reached $4.3 billion. It has broken down those complex and deadly financial operations on BNB Chain into simple logic that everyone can use.

Currently, the TVL is at $1.65 billion, with a growth rate of 896%. This isn’t some illusory story; it’s real funds voting — not because the product is overly complex, but because it has perfected the simplest principle: making idle money move and assets generate value.

Arbitrage opportunities are right there, but how many dare to actually take action? That probably reflects the true state of the market today.