It feels like everyone borrowing is just to inflate the transaction volume. Now, every week, there is a lucky star reward of ten thousand tokens for one person who has fully repaid their loan. There are currently few people participating, but I don't know if this lottery is based on address or the number of repayments.
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茶韵真心
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Did ListaDAO create a 'no-collateral credit loan'? Borrowing 50U to repay 57.5, annualized 390%—this operation... I'm impressed.
ListaDAO recently launched Lista Credit, a purely unsecured lending service, accessible only through the Binance Web3 non-custodial wallet (MPC).
I tried connecting: my wallet could actually borrow 50U! But the interest is ridiculously high—after 14 days I have to repay 57.5U, with an annualized rate of 390%! This isn't borrowing money, it's usury 2.0, guys 🤯
I guess their product logic is something like this (purely personal speculation, don't take it as investment advice):
MPC wallet = real person KYC anchored
Binance's non-custodial wallet uses MPC technology, shard keys + cloud backup, which can basically map to the real user identity. Running away? Theoretically, they can track you down (at least the address is blacklisted).
I tried connecting: my wallet could actually borrow 50U! But the interest is ridiculously high—after 14 days I have to repay 57.5U, with an annualized rate of 390%! This isn't borrowing money, it's usury 2.0, guys 🤯
I guess their product logic is something like this (purely personal speculation, don't take it as investment advice):
MPC wallet = real person KYC anchored
Binance's non-custodial wallet uses MPC technology, shard keys + cloud backup, which can basically map to the real user identity. Running away? Theoretically, they can track you down (at least the address is blacklisted).
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.