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Lista Lending

Lending

Lista Lending is a decentralized peer-to-peer lending protocol on BNB Chain that lets users borrow by posting crypto as collateral or earn interest by supplying assets. Using a vault-based system, it matches lenders and borrowers across markets, offering flexible loans, fair rates, and protections like collateral requirements and liquidations.

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Lista Lending?
What we like
Lista Lending introduces permissionless and isolated lending markets on BNB Chain, allowing anyone to create and manage their own lending pools. The vault system also makes it easier for passive lenders to earn yield while delegating risk management to curators, creating a flexible setup for both active and passive users.
What we like less
While the permissionless design promotes openness, it also raises potential risks from untested or mismanaged markets. Vaults depend heavily on curators for risk management, so depositor outcomes may vary depending on how those curators allocate funds. As with most lending protocols, borrowers face liquidation risk, and lenders face smart contract and oracle dependency.
What it means for you
Lista Lending opens the door for anyone to lend, borrow, or even launch their own lending markets on-chain. It’s best suited for users who want more control or transparency over how lending pools operate, though beginners should start with established vaults before creating or managing their own markets.
Information
Exploit/Hacks
None
Info
  • Website
  • Token: LISTA
  • Tags: Lending
Key Metrics
  • TVL: $1.1B (Rank #42)
  • TVL Ranking by Lending: #11
  • Blockchain: Binance
  • Chain TVL
    • Binance: $1.07B
Risk Assessment
Average
Protocol Code Quality
  • Code reviewed by several experienced auditors; Bailsec, Blocksec and Certik
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Latest protocol version launched in 2025; maturity less than six months increases technical risk as smart contracts are less battle-tested
  • Top 5% by total value locked reduces risk
  • Requires members of a DAO to vote on-chain for approving contract upgrades
  • Low voting power concentration reduces risk
Protocol Design
  • Robust controls to mitigate oracle price manipulation
  • Isolated markets enable asset risks to be contained to each individual pool without impacting the entire protocol
  • Solid controls in place to prevent risky borrowing
  • Solid mechanisms in place to ensure healthy liquidations
  • No reserves or no stability module
Things to know about Lista Lending

What is Lista Lending

Lista Lending is a decentralized peer-to-peer lending protocol built on BNB Chain. Instead of relying on a single shared pool, Lista uses a vault-based system where liquidity is allocated across isolated lending markets. Each market pairs one collateral asset with one loan asset (like slisBNB–lisUSD) and operates independently, helping to contain risk if one market underperforms. Anyone can create new lending markets without needing DAO approval, making the system fully permissionless and modular.

How Lista Lending makes money

Lista earns from protocol and vault-level fees. Each vault can charge up to 50% of generated profits as a management fee, with additional protocol-level fees defined by Lista DAO. The platform also retains small portions of borrower interest and liquidation penalties.

How you make money on Lista Lending

Lenders deposit assets into vaults or directly into markets to earn interest paid by borrowers. Vaults automatically manage risk and allocate liquidity across markets, so passive lenders can earn yield without managing loans themselves. Borrowers, on the other hand, can use supported assets like slisBNB or lisUSD as collateral to access liquidity, paying variable interest rates based on demand.

Lista Lending Pools
Lista BNB Lending
3.1%
Yield
$551M
TVL
Risk
C
Chain
BNB Chain
Lista USD Lending
2%
Yield
$162M
TVL
Risk
C
Chain
BNB Chain
Lista USD Lending
7.9%
Yield
$42M
TVL
Risk
C
Chain
BNB Chain
Lista BNB Lending (Solv)
10.6%
Yield
$27M
TVL
Risk
C
Chain
BNB Chain