Avaxholic

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... Source : Benqi...

Welcome gamers and crypto lovers, Avaxholic is happy to share that BENQI and Yeti Finance Launches Concentrated Liquidity Yield Farming on KyberSwap. So let explore it in today’s article! Enhancing Liquidity On Avalanche On Wednesday, August 17, KyberSwap kicks off the concentrated liquidity yield farming jointly with BenqiFinance and YetiFinance. In an effort to increase liquidity and offer the best rates for sAVAX and YUSD tokens on Avalanche, BENQI and Yeti Finance have decided to collaborate with the highly capital efficient KyberSwap. Over $200,000 in liquidity mining awards are anticipated for liquidity providers in this collaborative initiative's initial phase. Liquidity providers will now have access to even higher profits and more freedom to customize their earning methods thanks to our newest protocol, KyberSwap Elastic. This is not the first time BENQI has partnered with KyberSwap for its capital efficiency benefits. For more information, visit here: BENQI... So...

Hello everyone, we're wrapping up another week of August 2022 to take a look at the Avalanche ecosystem in the past week, what outstanding events have happened in the past week, then give a few comments determined in the near future. The information and graphics in the article are referenced from Avaxholic - The #1 source of information about the Avalanche ecosystem. AVALANCHE OVERVIEW WEEK 32 Important Events We will start with the first event that the Avax token has been listed on the Robinhood exchange. For those who do not know about Robinhood exchange, it is a financial technology company (Fintech) established in April 2013 in the US. The company provides a service platform for websites and mobile applications that allow users to invest and trade in stocks, ETFs and recently listed crypto assets. Robinhood is known as outstanding feature of no transaction fees by users, thereby enabling retail investors to access the financial market easily. Thereby Avax can als... S...

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...

What is BenQi (QI)?BenQi is a Decentralized Non-custodial Liquidity Market platform, or you can simply understand Lending & Borrowing on Avalanche.There are two subjects participating in using BenQi's products: Lenders (Lenders) and Borrowers (Borrowers):- Lenders: It is possible to load assets onto the platform to receive interest back from the liquidity provision.- Borrowers: You can borrow Crypto assets on the BenQi platform by mortgaging your assets. BenQi Wallet's Home screen Why invest in BenQi (QI)? We think that BenQi will be an important link to promote the explosion of the AVAX ecosystem. As we mentioned above, Lending & Borrowing is a piece that brings a huge amount of liquidity to the ecosystem. Therefore, it is likely that BenQi will become the Key Factor of the AVAX system. In addition, the factor that makes BenQi so important also comes from the project receiving $6 million in investment capital from investment funds (We will mention it ...