Mint clisBNB on Lista Lending

When you deposit slisBNB as collateral into Lista Lending, clisBNB will now be automatically minted with the following details:

• Mint Ratio: 1:0.99813. For example, depositing 1 slisBNB will allow the user to mint 0.99813. clisBNB.

• Minting Price: Determined by the current exchange rate at the time of deposit, ensuring fairness and transparency.

This automation simplifies the process, saving you time while ensuring you can immediately utilize clisBNB in your DeFi strategies.

2. Flexible Target Address for Minting

We’ve introduced the ability to modify the target address where your clisBNB is minted:

• Default Behavior: Initially, clisBNB is minted to your current wallet address.

• Customization: You can change the target address at any time. After modification, all subsequently deposited slisBNB will mint clisBNB to the new address.

• Single Address Limitation: Note that clisBNB can still only be minted to one address at a time and cannot be split across multiple addresses.

3. Automatic Burning on Withdrawal

When you withdraw your slisBNB collateral from Lista Lending, the corresponding amount of clisBNB will be automatically and proportionally burned:

• For example, if you withdraw 1 slisBNB, the equivalent 0.99813 clisBNB will be burned.

• This ensures the system remains balanced and prevents over-issuance of clisBNB, maintaining its value and integrity within the ecosystem.

Benefits for Users

This update brings several advantages to Lista Lending users:

• Capital Efficiency: Automatically minting clisBNB from slisBNB collateral in Lista Lending allows you to unlock additional rewards without extra steps through Binance launchpad.

• Flexibility: The ability to modify the target address for minting gives you control over where your clisBNB is sent.

Conclusion

The latest update to Lista Lending introduces a seamless, efficient way to mint clisBNB from slisBNB collateral, offering users greater flexibility and capital efficiency. With automatic minting, customizable target addresses, and proportional burning on withdrawal, this feature empower