BENQI is a Decentralized Finance protocol on Avalanche that gives users the ability to stake AVAX and unlock liquidity on their assets. Try it today at benqi.fi
You've still got time to enter this week's Crosschain Carousel- just cross-chain swap into $sAVAX on Avalanche with @_WOOFi before Mon 4 Nov 00:00 UTC. https://x.com/BenqiFinance/status/1852682226057543795/video/1
Deposit $JOE and borrow $USDC at a whopping 45% collateral rate with BENQI Isolated Markets. @LFJ_gg https://x.com/BenqiFinance/status/1850507944858689851/photo/1
Co-Founder @born2hodl just unveiled some major upcoming platform and protocol upgrades including Ignite9000, a revamped UI, enhanced UX with cross-chain swaps, much more.🔽 https://x.com/BenqiFinance/status/1850145654946869367/photo/1
Using BENQI's Isolated Markets for your $COQ, $QI, and $JOE offers several strategic advantages for maximizing your returns, mitigating risks, and enhancing your portfolio's flexibility- let's dive in:
1. Risk Segregation and Control Isolated markets provide risk segregation by ensuring that each asset's borrowing or lending activity remains independent from others. This means that if one token in your portfolio experiences significant volatility, the risk doesn't spill over to the rest of your holdings.
2. Enhanced Capital Efficiency Isolated markets allow you to tailor the leverage and exposure for each asset more precisely. You can take advantage of higher borrowing limits or optimized collateral factors based on individual market conditions. This flexibility can help you maximize returns from your holdings, whether you're using them for staking, lending, or yield farming.
3. Flexible and Strategic Borrowing In isolated markets, you can borrow against specific assets without jeopardizing the liquidity of other tokens in your portfolio. This provides more precise control over your borrowing strategies, allowing you to optimize liquidity for different DeFi protocols or trading strategies.
4. Maximized Yield Potential By using BENQI’s isolated markets, you can take advantage of higher yields and rewards tailored for each asset.
5. Security and Transparency Isolated markets provide enhanced security and transparency. Since each pool is separated, BENQI’s smart contracts offer a more straightforward and secure way to audit individual market performance, reducing systemic risk and improving the platform's overall stability.
6. Tailored Liquidity Provision Isolated markets are especially useful because they allow you to provide or borrow liquidity for less liquid or volatile tokens without affecting your portfolio at large.
Optimize your risk management, increase your yield potential, and enhance capital efficiency across your portfolio with BENQI Isolated Markets.🔽
This is another step forward in BENQI’s mission to make DeFi more accessible for everyone.👇 https://x.com/BenqiFinance/status/1847971340134805910/video/1
Just over halfway through October and over 450k $AVAX has been staked using BENQI liquid staking!
BENQI has been leading the way in @avax DeFi since the beginning, so stake smarter with BENQI and let your $AVAX work for you.🔺 https://x.com/BenqiFinance/status/1847608961828098399/photo/1
The final day of Avalanche Summit LATAM marks an exciting new chapter for us at BENQI-
Co-Founder @born2hodl recently unveiled next phase of our IGNITE protocol—Ignite9000.🔺🔥
Soon, anyone will be able to stake $QI and run an Avalanche Validator, unlocking the potential to earn even more rewards while supporting network security.
Ignite9000 will empower the community and take @avax L1 deployment to the next level, stay tuned for more updates!
BENQI Co-Founder @born2hodl just gave the @avax Summit LATAM a look at what's next for one of the longest running and most well-established protocols on Avalanche:
🔥Ignite9000: Stake $QI to run an Avalanche validator, earn even more in the process
🔺veQI will be renamed BENQI Miles (Lock & Flex Versions)
🔺BENQI Miles Features Extension: Introducing Locked Miles
🔺UI Upgrade: Unified Landing page and all dApps
🔺UX Feature Upgrades: Cross-chain swaps, dashboard, repay loans with ERC20
BENQI is cooking and we're going to keep pushing DeFi innovation forward with the Avalanche community.
Buenos Aires here we come- BENQI is beyond excited for this week’s Avalanche Summit LATAM!🇦🇷
Don't miss BENQI Co-Founder @born2hodl Wednesday, Oct 16 at 2:20 PM GMT on the Blanco Stage- We'll dive into the origins of BENQI, examining how and why it was built on @avax.🔺
We'll also highlight future developments planned for BENQI, including IGNITE9000- the upgraded version of our Ignite Protocol, designed to take Avalanche L1 deployment to the next level.🔥