Recently, many people have been asking how to achieve stable returns in a low-risk environment. Let's look at real data to understand.

Currently, the cost of borrowing USD1 on Lista Lending is quite low—BTCB collateralized loans have an interest rate of about 1.2-2.1%, slisBNB is even cheaper, sometimes dropping below 1% during certain periods. At the same time, a major exchange just launched a USD1 financial product with a 20% APR yield (limited until January 23rd, with a 50k quota). Calculating this, the pure profit margin is about 17.9-18.8%.

How does this compare to stablecoin lending on other platforms? Aave’s DAI/USDC borrowing costs are between 3-8%, so the interest spread is noticeably narrower. Platforms like Compound can also be used, but their interest rate volatility is higher, lacking that concentrated, stable high-yield connection point.

Lista’s secret weapon is BNB Chain itself—gas fees are cheap, and participants can engage in airdrop activities within the ecosystem. These additional yield bonuses are very important. Here's a real case: collateralize PT-USDe (which itself yields 10-15%), then borrow USD1 (cost only 1.5%), and deposit the USD1 into a financial product with a 20% return. Completing this entire chain can yield a total return of about 28-33%. After deducting borrowing costs, it’s still quite attractive.

Of course, risk management is essential. Don’t over-leverage; it’s recommended to keep LTV below 70%, otherwise, large price fluctuations could lead to liquidation. Also, that 20% APY is limited-time; after the Booster event ends, the yield may drop back to around 15%.

Overall, in this low-interest-rate environment, this low-cost borrowing and high-yield savings closed-loop strategy remains reliable, especially for those seeking stable returns.