As the first on-chain, uncollateralized lending product, Lista Credit opens up a whole new world for crypto players. And, as with everything new and innovative, this concept raises a number of questions. Here are the answers.

Yes. Lista Credit assesses your on-chain activities and gives you a credit limit that you can borrow any time without requirement for any collateral.

Currently, Lista Credit is only open to Binance MPC wallet addresses only. If you’ve used Lista before, and you have extensive on-chain activities and a colorful portfolio, then you will very likely get a high credit limit. Lista will also refresh all eligible addresses’ credit level on a monthly basis so don’t forget to check your credit limit every now and then.

On-chain transactions can not be reversed so theoretically, the default risks can get very high. We’re still testing things out during this early phase and we will tweak our product based on community feedback.

Lista does not charge interest for Credit borrowing but the moment a loan is taken, a fixed origination fee (3%) will be charged.

No. When you borrow 50 $U, you will get exactly 50 $U. The 3% origination fee is only required later when you repay the loan.

Currently, Lista Credit’s vault is separated from other Lista vaults. Assets are provided by risk-tolerant institutions and retail investors. If you wish to experience this product from a lender's perspective, you can deposit your $U into our Credit vault.

We have great plans for Lista Credit:

For starters, we will slowly expand our user base. Right now, Lista Credit is only open to over 30,000 eligible Binance MPC wallet addresses. It has always been our plan to provide better financial services to the underbanked and unbanked population and in the future, we will slowly expand our potential user base to a wider range of Binance MPC wallet addresses and eventually, any wallet address with decent on-chain activities.

In the traditional finance industry, credit loans and credit cards have always been closely related. And as more and more players enter the crypto card industry, it is only logical that we move towards the same direction. In the near future, we will partner with a crypto card issuer, giving credit to eligible card holders. When this is finalized, their card holders will be able to make payments with their Lista Credit limit and repay them 14 days later, effectively turning a debit card into a credit card.

Looking forward, Lista also plans to tap into the vast market of e-commerce, developing a buy-now-pay-later (BNPL) solution for customers worldwide. Online merchants will be able to offer customers the option to split purchases into manageable installments while still receiving funds upfront at checkout. This BNPL solution is intended to integrate directly into existing payment flows, helping merchants increase conversion rates and average order values by giving shoppers greater flexibility at the point of sale.

Lista Credit introduces the first uncollateralized lending product to DeFi through reputation-based credit assessment. Just like everything else, it is not perfect. But what Lista is trying to build is accessible capital for underbanked and unbanked users without collateral, progressive credit building through proven track records, and a new model that combines blockchain transparency with financial accessibility.

With these answers, we hope you will get a better understanding of Lista Credit and its future plans. Time will prove whether reputation-based DeFi lending can scale.

Ready to check your credit level? Connect your Binance MPC wallet at Lista Credit.