A new $QI LP has just been launched on Trader Joe and is now receiving $AVAX BOOST incentives:
โข $QI / AVAX - 24 $AVAX per day
PS: If you're new to LPing, please visit the relevant learning materials linked in the Discord Boost channel or via the Doc Centre to help you get started. _______________
๐ $QI: We like the suit Joe and Benqi go way back. As long-standing partners and allies building on #Avalanche, Trader Joe is proud to continue this collaborative friendship via the current Boost campaign.
๐พ Lend $JOE borrow $USDC Recently, Benqi launched isolated markets, providing new utility for $JOE in the form of lending and borrowing. The market currently offers a collateralization rate of 45%, and suppliers can borrow $USDC when supplying $JOE.
Please understand there are additional risks around borrowing activities in DeFi, such as liquidation risk and protocol/smart contract risk. _______________
๐บ BOOST rewards: $sAVAX In addition to BOOST rewards for QI LP, Benqiโs LST sAVAX is also currently receiving BOOST rewards to the AVAX paired LP. In total, 24 AVAX per day are being distributed as liquidity incentives. _______________