> For the complete documentation index, see [llms.txt](https://docs.bsc.lista.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bsc.lista.org/introduction/lista-lending/markets.md). # Markets A Market is an isolated lending pool that pairs one collateral asset with one loan asset (eg; slisBNB/BNB). Each market operates independently, isolating risks to prevent spillover, and remains immutable after launch. Assets in each vault can be paired with multiple markets. Creating a market is permissionless. #### Permissionless Market Creation A standout feature of Lista Lending is its permissionless market creation, enabling users to deploy isolated lending markets with personalized key parameters. This approach diverges from traditional lending platforms and shifts the paradigm by empowering users to customize markets without centralized oversight. Unlike conventional lending protocols, which mandate governance approval for listing assets or adjusting parameters and aggregate assets into a single shared pool, distributing risk protocol-wide, Lista Lending allows markets to operate independently, with parameters set at creation and managed flexibly through its upgradeable vault system. #### Market Creation Mechanics At Lista Lending, a market can be created after specifying: * Loan Asset: The asset to be lent or borrowed (e.g., lisUSD). * Collateral Asset: The asset securing loans (e.g., slisBNB). * Liquidation Loan-To-Value (LLTV): depending on the loan and collateral assets, this can get as high as over 90% or as low as 50%. * Oracle: Chainlink, Binance Oracle, Redstone, API3 * [Interest Rate Model](/introduction/lista-lending/interest-rate-model-irm.md): Lista's adaptive rate model, dynamically adjusting based on utilization. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.bsc.lista.org/introduction/lista-lending/markets.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.