Ever since Binance Savings opened up USD1 with a 20% cap for flexible savings, it seems like quite a few people have been heading over to the lending platform ListaDAO on the BNB Chain. They're opting to collateralize BTCB, PT-USDe, or slisBNB + BNB to borrow USD1 and take advantage of this yield on Binance. Some of the lending pools are even running low on available assets to borrow, and the official team has been continuously adding liquidity to them. So sometimes, it’s not that on-chain lending is cooling down—it’s just that there’s a lack of obvious money-making opportunities. FYI: slisBNB is the staking reward token you get after staking BNB on ListaDAO, while BTCB is Binance’s Bitcoin-pegged token. PT-USDe is Pendle’s principal token for Ethena’s yield-bearing principal.