In the BNB Chain ecosystem, Lista DAO has recently gained popularity, mainly because it has formed a complete arbitrage chain around it. Both beginners and veterans can find corresponding operational ideas. I have summarized four common practical methods.

**Conservative Approach: The combination of slisBNB + Pendle**
This is the easiest to get started with. First, stake BNB on Lista to exchange for slisBNB, which already provides basic returns. Then, put slisBNB into Pendle to form a clisBNB LP. What’s the result? You earn staking rewards, PT yields, as well as LP trading fees and PENDLE rewards, with an annualized return of up to 43%. The downside is that redemption takes 7 days, and liquidity is not very flexible.

**Aggressive Approach: Leveraging with Loop**
Building on the above, some people connect to the Loop platform and leverage up to 5x. This causes the annualized return to skyrocket to 214.55%. At the same time, you can also farm Loop’s airdrop points. But the cost is that the risk multiplies— you must constantly monitor the liquidation price, and a slight mistake could lead to liquidation.

**Interest Rate Arbitrage: Profiting in Lending Markets**
This method is suitable for those familiar with DeFi. Borrow USD at a low interest rate of 4.93%-5.86% on Lista Lending, then invest in RWA products (annualized 3.5%-4.5%) or other vaults (annualized 4%-18%) to earn the interest spread. It’s recommended to choose fixed-term loans first, so you can lock in costs and avoid worries about market interest rate fluctuations.

**Top-Level Difficulty: Cross-Chain Flash Loan Arbitrage**
This is already a game for professionals. Borrow lisUSD, buy BNB in Lista’s liquidation Dutch auction, then quickly arbitrage between different DEXs using price differences, and finally repay the loan and fees within a single block. This requires deep understanding of smart contracts and BSC chain; one wrong move can lead to significant losses.