By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Verasity’s VRA token increases 300% because of its Product and Sales Strategy
    Verasity’s VRA Token Increases 300% Because Of Its Product And Sales Strategy
    9 months ago
    DeepTradeBot - Best Tool For Crypto Trade From Best Innovation Company
    DeepTradeBot – Best Tool For Crypto Trade From Best Innovation Company
    3 years ago
    Gravity Sport, a leading-edge NFT marketplace, becomes a second partner of Parma Calcio 1913
    2 years ago
    Latest News
    Psy Protocol Testnet Combines Internet Scale and Speed with Bitcoin-Level Security
    19 hours ago
    Eightco Holdings Inc. ($ORBS) Expands Investor Access with Options Trading
    22 hours ago
    Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life
    1 day ago
    Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
    2 days ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    3 weeks ago
    Crypto Tax Rules In Russia – What You Should Know
    Crypto Tax Rules In Russia – What You Should Know
    1 month ago
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    1 month ago
    10 Next Big Meme Coin To Explode
    10 Next Big Meme Coin To Explode
    1 month ago
    9 Best AI-Powered Websites That Save You Hours of Work
    9 Best AI-Powered Websites That Save You Hours of Work
    2 months ago
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
    GAMBLE
    If You Looking For Casino Review . Than we Write Many Article About Casino Please Look This Page . We Update This Page On Daily…
    Show More
    Top News
    Letslucky Casino Review: Welcome Offer + 300 Free Spins
    Letslucky Casino Review: Welcome Offer + 300 Free Spins
    2 weeks ago
    Meilleur Casino En Ligne Crypto-casino io
    Meilleur Casino En Ligne Crypto-casino io
    2 years ago
    Win Online Casino Games
    Betting Tips to Win Online Casino Games
    2 years ago
    Latest News
    Unlim Casino 2025 – Games, Bonuses & Crypto Payments
    4 weeks ago
    1win Casino Games – Exciting Slots, Crash Games & Bonuses
    4 weeks ago
    Pinco Casino Review: Games, Bonuses & Features
    4 weeks ago
    r7 Casino Review: Login, Sign Up, Bonuses & Promotions
    4 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth
Press Releases

BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth

Blockchainnews
Last updated: 19/03/2024 3:50 PM
Blockchainnews
4 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
SHARE

New York, United States, 10th August, 2021,

BENQI, an algorithmic liquidity market protocol, and the Avalanche Foundation are collaborating on a joint liquidity mining program to celebrate the launch of the BENQI protocol on the 19th of August and the next phase of growth within Avalanche’s DeFi ecosystem.

$3M of AVAX will be allocated as liquidity incentives for BENQI users, with additional incentive programs coming soon. The AVAX will be offered as rewards to users who are lending and borrowing AVAX, ETH, LINK, wBTC, USDT, and DAI on the protocol with BENQI. 

AVAX is the native token of Avalanche. It’s a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche. 

- Advertisement -

BENQI recently closed a $6M fundraising round backed by the Avalanche Foundation, Mechanism Capital, Dragonfly Capital, Arrington XRP Capital, & the Spartan Group.

BENQI and Avalanche Brings High-Performance Borrowing and Lending to the Masses

To date, Avalanche’s DeFi ecosystem has garnered over $233M in total value locked. For the first phase of the ecosystem’s development, many decentralized exchanges, specifically automated market makers (AMM), deployed on Avalanche mainnet to maximize opportunities enabled by high-speed, low transaction costs, and near-instant transaction finality.

Marketplaces like these are imperative for price discovery. The leading AMM on Avalanche, Pangolin, has seen $1.3B+ in total trading volume since launch in February. 

The next phase will focus on expanding upon a variety of high-performance financial primitives, like money markets. With the launch of the Avalanche Bridge, a revolutionary secure bridging architecture that leverages Intel SGX to support quick, secure, and low cost asset transfers between the Avalanche and Ethereum networks, BENQI and other select projects are leading the charge, with many more dapps expected to launch on Avalanche. 

- Advertisement -

“Decentralized finance (DeFi) is primed to take off on Avalanche with the arrival of another cornerstone DeFi functionality. BENQI is joining a rapidly growing ecosystem of DeFi users, assets, and applications on Avalanche, and we expect users and developers to leverage BENQI to expand the utility of their assets.” says JD Gagnon, Co-Founder of BENQI.

“BENQI is launching at a key moment for Avalanche users and the broader DeFi ecosystem. Its technology adds a missing piece to the puzzle, and will make Avalanche even more attractive to users being priced out of other networks,” says John Wu, President of Ava Labs, a team supporting development on Avalanche. “This is an exciting step in a broader community initiative to bring more assets and liquidity onto the platform.”

### 

- Advertisement -

About BENQI

Built on Avalanche’s highly scalable network, BENQI’s is bridging decentralized finance (DeFi) and institutional networks beginning with the launch of BENQI on the Avalanche C-Chain. Through BENQI, Avalanche users will be able to earn interest on their assets, obtain credit through over-collateralized loans and earn QI governance tokens as rewards for providing liquidity on the protocol and Pangolin. For more information about BENQI, please visit: benqi.fi

About Avalanche

Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.

Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Forum | Avalanche-X | Telegram | Clubhouse | Facebook | LinkedIn | Reddit | YouTube

Contacts
  • Press
  • Info@marketacross.com
Psy Protocol Testnet Combines Internet Scale and Speed with Bitcoin-Level Security
Eightco Holdings Inc. ($ORBS) Expands Investor Access with Options Trading
Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life
Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
SimpleFX Relaunches First Deposit Bonus
Share This Article
Facebook Email Print
ByBlockchainnews
One Of The Best Press Release Distributor Of Coinworldstory . This Author Hold 39% Press Release Distribution At Coinworldstory . If You Looking For Contact This Author Than Visit Coinworldstory/contact Page For More Details About This Author
Previous Article Opoforex.com Forex Review: Most Trusted Trading Platform Opoforex.com Forex Review: Most Trusted Trading Platform
Next Article Concordium and Swvl Announce Partnership For Blockchain-Based Mass Transit Systems
10 Best Forex Proprietary Trading Companies In Denmark 2025
10 Best Forex Proprietary Trading Companies In Denmark 2025
Prop Firm
9 Best Prop Firms in Sweden For Traders 2025
9 Best Prop Firms in Sweden For Traders 2025
Prop Firm
10 Best Prop Firms In Israel for Traders 2025
10 Best Prop Firms In Israel for Traders 2025
Prop Firm
10 Best Prop Firms In South Africa for Funded Traders
10 Best Prop Firms In South Africa for Funded Traders
Prop Firm

Latest Published

TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households

2 days ago

BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution

2 days ago

1inch rebrands to reflect broader mission uniting DeFi and global finance

2 days ago

The Sandbox CEO Robby Yung Unveils Vision with New AI, Web3, and Mobile Initiatives

3 days ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?