I wrote an article before, the ultimate form of the coin-puller is to pledge the coin. Today, I will introduce staking and re-staking, which is known as killing two birds with one stone. If you are optimistic about the future of BNB, you can stake it to avoid making unscrupulous operations, and you can also get interest income, which is also one of the passive lock-up methods.
The current market capitalization of the top three public chains is BTC, ETH, and BNB. Decentralized finance (FI) on them has always been a hot narrative.
【ETHFi】
ETHFi is the earliest developed and the most complete, dating back to 2018, and its representative is AAVE (originally called ETHLend).
【BTCFi】
Because BTC does not support smart contracts, BTCFi was previously parasitic on ETHFI, which was achieved by locking and issuing WBTC. Native BTC staking (such as babylon staking) is achieved through the L2 layer. This is also one of the most popular narratives at present. For example, SOLV and Bedrock, which are currently being promoted, are BTCFi.
【BNBFi】
BNBFi developed the latest and slowest, and the reason is a sad story (I will write a short essay to introduce it when I have time). Later, it was converted to the Ethereum sidechain code, and then it had its current development. After all, everyone is familiar with Ethereum development, and there are many developers.
BNBFi is represented by Lista DAO. It has received official support from Binance because the tokens clisBNB/slisBNB in the Web3 wallet support launchpool snapshots. You can stake the BNB in your Binance Web3 wallet as slisBNB or mint it as clisBNB to achieve the goal of killing two birds with one stone.
What is clisBNB and what is the difference between it and slisBNB?
clisBNB is a "certificate" token that users receive after depositing BNB into a collateralized debt position (CDP) on the Lista DAO platform. It is designed to represent a user's BNB at a 1:1 ratio, ensuring that each clisBNB is directly pegged to the amount of BNB locked in the CDP. This means that for every 1 BNB a user deposits, they receive 1 clisBNB in return.
Simply put, slisBNB is a pledge certificate, a liquidity token that can be transferred between wallets and will slowly increase in value over time. For example, the current exchange rate is 1:1.02, and this 0.02 is the embodiment of the pledge interest. If you start staking from the token issuance in March, the current appreciation is 2%. Some novices do not understand this principle and take it for granted that they have lost 2% by staking and exchanging. In fact, when you exit the pledge, you exchange bnb at 1.02:1.
clisBNB is a collateralized debt certificate that cannot be transferred and is always 1:1. Both can participate in launchpool and obtain star points. clisBNB can be used to borrow lisUSD and enjoy all the benefits of BNB. You should know that when you use BNB collateral for collateral on Binance, this part of BNB does not support launchpool. Of course, the real-time lending rate will fluctuate, which is also one of the ways to play.
【Main features of clisBNB】
clisBNB has a number of features that differentiate it from other tokens, providing users with centralized utility while maintaining control over their assets:
1. The ratio with BNB is 1:1
2. Non-transferable tokens
3. Automatic destruction of withdrawals
4. Cast clisBNB to another address and let that address get points
【BNB Chain One-Stop Aggregation Platform BNB.xyz】
Using BNB.xyz’s content aggregation will make it easier to access other BNBFi protocols and projects.
Conclusion: How to use BNBFi
For most people, using BNB to pledge slisBNB can earn three kinds of income: real-time annualized return, launchpool income, and star points. Star points can be converted into LISTA tokens, killing three birds with one stone.
Normal gameplay For advanced players, use BNB to cast clisBNB to obtain two types of income: launchpool income and star points. Withdraw the pledged lisUSD to invest or participate in other Defi protocols to achieve multiple benefits and further improve capital efficiency.
Advanced Gameplay
