OpenOcean X BenQi AMA


Source : OpenOcean X BenQi AMA

Comments

Post a Comment

Popular posts from this blog

Crabada Uses Chainlink VRF And Keepers To Help Secure And Automate Daily Lucky Draws

Image
This integration is now live, and Chainlink is now helping to secure and automate the Lucky Draws. By supplying cryptographic proofs, Chainlink VRF helps ensure that the randomness is generated and supplied on-chain in a tamper-proof manner, leading to provably fair and unbiased outcomes for players. This means that no one can tamper with the process nor predict the results of the draw. This ensures that every participant has a fair and equal chance of winning a Crabada NFT in each of the draws. Additionally, to facilitate these draws so that they are as seamless as possible, Chainlink Keepers was integrated. Like all on-chain solutions, the smart contract used in the Lucky Draw is not able to “trigger” its own functions, meaning they require an external entity to start and end each round of the Lucky Draw. Using Chainlink Keepers — a secure, decentralized, and highly reliable smart contract automation service — to help call these functions, the process of starting ... Source ...
Read more

What Is BenQi? How To Use BenQi For Avalanche Users

Image
Recently, Decentralized Finance (DeFi) has grown substantially in the last 2 years. Today, Avaxholic would like to introduce a protocal built on Avalanche Network that can help you lend and borrow to invest in this crypto trading world, it's called BENQI. What Is BENQI? BENQI is a non-custodial liquidity market protocol built on Avalanche, enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner. For more details, read more: What is BenQi Finance(QI)? Everything you need to know about QI token What Is BenQi (QI) Token? The QI token is a native asset on Avalanche and oversees the entire ecosystem of the BENQI protocol including future iterations of the protocol. QI is required to vote and decide on the outcome of proposals through BENQI Improvement Proposals (BIPs). Examples of parameter... Source : W...
Read more

What Is Dexalot? Everything You Should Know Before Investing In $ALOT

Image
What Is Dexalot? Dexalot is an exchange aiming at bringing the traditional centralized exchange user experience without compromising on decentralization and transparency. As such this project implements an on-chain Central Limit Order Book for its trade pairs on the Avalanche platform. It allows for users to trade ERC20 tokens supported on the C-chain against the blockchain native currency AVAX. Users can also trade supported ERC20 tokens against other supported ERC20 tokens. This exchange has three differentiating characteristics that set it apart from other centralized and decentralized exchanges: ABILITY TO PLACE LIMIT ORDERS FULL ON-CHAIN: Traders can set the size and limit price for their ordersINCLUSION OF USERS THROUGH: The project will issue its native token in the near future to implement a governance model as well as create incentives for it's loyal usersBUILT ON AVALANCHE: The project choses the Avalanche platform for its obvious advantages in speed, throughput and....
Read more