Recently, many people have been asking whether BNB's price volatility makes it still worth holding now. Actually, from a different perspective, instead of frequent trading, it's better to put BNB somewhere that can generate cash flow.

Some time ago, I tried a combined scheme of liquidity staking + lending, and the results were quite good. The basic idea is: stake BNB to participate in DeFi protocols, which can earn staking rewards without affecting your eligibility for arbitrage. Based on current market data, the annualized return could approach 20%.

How exactly to operate? The process is quite simple—first, choose a DeFi platform that supports BNB liquidity staking, find the wealth management or staking module, and connect BNB to the corresponding protocol to start earning yields. The key here is to select the right project.

The project I follow is called ListaDAO, a decentralized stablecoin lending protocol in the LSDfi track. It has a pretty deep background: after launching in 2025, the TVL once exceeded $1.99 billion within half a year, with a maximum of 1.3 million BNB staked, accounting for over 60% of the market share in BNB liquidity staking.

Why is its capital efficiency relatively outstanding? Because it’s not just a simple staking tool, but a comprehensive DeFi platform—including lending, RWA, marketplaces, DEX, CDP, and other modules. This means that the BNB you stake can not only earn basic yields but also have the opportunity to participate in more complex DeFi strategies for additional returns.

The best part is, while participating in staking, you still retain your BNB holder identity, and various airdrops and governance rights are not lost. With a 10% basic annual yield plus airdrop income, the total return can approach 20%. For those who are long-term bullish on BNB, this is much more cost-effective than simply HODLing.