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  • Introduction
    • Overview
    • Collateral Debt Position - lisUSD
      • Collateral
        • Classic collateral options
        • Lista Innovation Zone
        • Loan liquidation
      • lisUSD
        • Stable Pool - Price stability Module (PSM)
        • lisUSD Saving Rate (LSR)
        • D3M - Direct Deposit Module
        • Algorithmic Market Operations (AMO)
          • Current vs Expected Borrow Rates
        • lisUSD's liquidity
      • Technical Guide
    • Liquid staking - slisBNB
      • About slisBNB
      • Rewards and Fees
      • Technical Guide
    • Lista Lending
      • Vaults
        • How to create a vault
      • Markets
      • Borrowers & Suppliers
      • Interest Rate Model (IRM)
      • Fees
      • Liquidation
      • Oracle
      • Flash Loan
      • User Flow
    • Binance Launchpool: clisBNB
      • Minting clisBNB with slisBNB
    • BNB Validator: Lista DAO
    • Roadmap
    • FAQ
  • Governance
    • LISTA
      • LISTA distribution
    • veLISTA
      • veLISTA Summary
      • Lista DAO: Unlocking veLISTA Utility
      • veLISTA Locking mechanics
      • Governance
        • Governance proposal template
      • Protocol fees
      • veLISTA emissions
        • LP pools
      • Gauge Voting for veLISTA
      • veLISTA Bribe Market
      • Auto-Compounding
      • Permanent locking of LISTA (LIP-016)
      • Revenue / Cost
      • Analytics
  • User Guide
    • Collateral Debt Position
      • Provide collateral
      • Borrow lisUSD
      • Repay lisUSD
      • Withdraw collateral
      • Delegating clisBNB to your Binance web3 MPC Wallet
    • Liquid staking - slisBNB
      • How to swap for slisBNB
      • Mint slisBNB
      • Redeem BNB from slisBNB
      • Bridging slisBNB to Ethereum
    • Using Binance Wallet
      • Liquid staking BNB into slisBNB
      • Obtaining lisUSD
      • Trading on APX Finance
    • LISTA / veLISTA
      • Lock LISTA
      • Extend LISTA lock
      • Auto lock
      • Unlock LISTA
      • Claim Rewards
      • Staking external LP tokens on Lista DAO
      • Gauge Voting
  • Security
    • Audit Reports
    • Bug Bounty (Immunefi)
  • FOR DEVELOPER
    • Overview
    • LISTA Governance
      • Smart Contract
    • Collateral Debt Position
      • Mechanics
      • Flash Loan
      • Multi-Oracle
      • Smart Contract
    • Liquid Staking(slisBNB)
      • Mechanics
      • Cross-Chain Bridge
      • Smart Contract
    • clisBNB
      • Smart Contract
  • Lista Lending
    • Smart Contract
  • Partnerships
    • Brand Kit
    • Our Channels
  • Legal Disclaimer
    • Legal Disclaimer
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On this page
  • 1. Deposit Assets into a Vault
  • 2. Vault Matches Supplier and Borrowers (P2P)
  • 3. Borrowing with Collateral
  • 4. Rates Adjust Automatically
  • 5. Repay or Get Liquidated
  • 6. Withdraw Your Funds
  1. Introduction
  2. Lista Lending

User Flow

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Last updated 1 month ago

1. Deposit Assets into a Vault

suppliers deposit a loan asset (e.g., USDT) into a vault of their choosing.

Each vault only has one type of loan asset (e.g., USDT) which can be deployed across multiple markets.

Once deposited, the vault allocates the loan asset across these markets to earn yield over time.

2. Vault Matches Supplier and Borrowers (P2P)

The vault managed by actively to match suppliers with borrowers within its associated markets:

Direct P2P lending occurs. The vault’s loan asset (e.g., USDT) is lent out via a specific market, earning interest from that specific Market. This P2P model results in higher interest for suppliers and lower borrowing costs for borrowers.

3. Borrowing with Collateral

  1. Users who want to borrow select a market to borrow from and deposit the required collateral. For example, in a USDT/BNB market, the borrower deposits ETH as collateral and borrows USDT.

  2. The market locks the collateral and issues the borrowed asset, USDT

  3. Each Market’s loan parameters (e.g., LLTV, collateral asset type, etc) are defined at deployment.

4. Rates Adjust Automatically

  1. Interest rates in each market automatically adjust based on supply and demand (utilization rate)

  2. The markets available on Lista Lending use a multi-oracle system to fetch accurate price feeds, protecting against price manipulation and ensures fair loan valuations.

5. Repay or Get Liquidated

  1. Borrowers can repay loans anytime, including the interest accrued.

  2. Once repaid, collateral is fully returned to the borrower.

  3. If the collateral value drops beyond the LLTV ratio, the system triggers liquidation, selling the collateral to cover the loan, ensuring the vault remains solvent and suppliers are protected.

6. Withdraw Your Funds

  1. suppliers can withdraw their deposits and earn interest at any time, provided the vault has available liquidity.

  2. Borrowers receive their collateral back after repaying the loan in full.