Benqi Launching veQI Supercharge Avalanche Validators

To give validators benefits, the BENQI protocol consists of: BENQI Liquidity Market (BLM)BENQI Liquid Staking (BLS) In this article, we will focus on the release of Phase 1 of veQI, Avalanche Validators can now benefit from the pool of liquidity from BENQI Liquid Staking (BLS). BLS delegations for veQI will start on September 21. It is now live at: BENQI Liquid Staking. Milestones 6 months of sAVAX & BENQI Liquid Staking What is veQI? Vote-escrowed QI or veQI is a representation of a user’s voting power for AVAX delegations through BENQI Liquid Staking (BLS). With veQI, users will be able to vote for specific Avalanche validators to receive additional delegations. This voting power determines the amount of AVAX delegations directed to the specific validator node from BLS. The amount of delegations is based on the validator’s aggregate voting power of veQI. veQI Staking Interface in BENQI Source BENQI Liquid Staking veQI mechanism Staking All user’s...
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