Anchorage Digital Integrates BENQI's sAVAX for Institutional Avalanche Staking

**BENQI has launched cross-chain repayment functionality**, allowing users to repay loans from any EVM-compatible blockchain. **Key features:** - Users can now repay BENQI loans directly from Ethereum, BNB Chain, and other EVM networks - Builds on previous integration with Enso that enabled cross-chain deposits - Eliminates the need to bridge assets to Avalanche before repaying loans **Why it matters:** The update removes friction from DeFi lending by letting users manage their positions from whatever chain they're using. This follows BENQI's March integration that allowed deposits from multiple chains. **About BENQI:** BENQI operates two main protocols on Avalanche: a liquidity market for lending/borrowing and a liquid staking solution for AVAX. The platform focuses on making DeFi more accessible through cross-chain functionality.

**NXPC token is now available on BENQI's Avalanche lending markets** Users can supply NXPC to earn rewards, with full reward details coming this week. **What is NXPC?** - Powers the Nexpace ecosystem and MapleStory Universe Web3 game - Enables true NFT ownership and trading of in-game items - Built on Avalanche for scalability **The ecosystem uses:** - NXPC for transactions - NESO for gameplay mechanics - Avalanche L1 infrastructure This integration brings nostalgic gaming into modern DeFi through [BENQI's lending platform](https://app.benqi.fi/lending).

**BENQI introduces tangible governance** through its new Node Voting system, allowing users to leverage BENQI Miles for enhanced validator rewards. **Key Features:** - Use BENQI Miles to vote for personal validators - Earn increased $AVAX validation rewards - Validator owners can receive delegations from BENQI Liquid Staking - Amplify validation rewards through increased stake **Community Impact:** This system represents a step toward BENQI's goal of becoming a **truly community-led protocol**. Validator operators can now leverage their Miles to boost their node's delegation and rewards. The voting mechanism creates a direct connection between governance participation and financial incentives, making protocol decisions more tangible for users.

**BENQI strengthens its position as Avalanche's liquid staking foundation** with expanded sAVAX integrations across partner protocols. **Key developments:** - Partner protocols now integrate sAVAX directly into their platforms - sAVAX works seamlessly across DEXes, lending markets, and restaking protocols - Users can simultaneously earn staking rewards while using sAVAX for other DeFi activities **Multi-utility benefits:** - Provide liquidity in pools while earning staking rewards - Use sAVAX as collateral for borrowing - Participate in restaking protocols - Maintain capital efficiency across the ecosystem **Previous momentum:** - Boosted LP rewards launched for tAVAX-sAVAX pairs with extra QI tokens - Zero fees and no lock-up periods maintain user flexibility This expansion demonstrates **growing adoption of liquid staking** on Avalanche, allowing users to maximize their AVAX utility without sacrificing staking rewards.