Anchorage Digital Integrates BENQI's sAVAX for Institutional Avalanche Staking

BENQI, Avalanche's lending protocol, is partnering with Pharaoh Exchange to connect their communities and demonstrate how both protocols complement each other. **How They Work Together:** - BENQI pools capital through its lending markets - Pharaoh Exchange traders use that capital for efficient trading - Lenders on BENQI supply the liquidity that meets trader demand The collaboration highlights the symbiotic relationship between lending and trading protocols on Avalanche. BENQI provides the liquidity infrastructure through its Liquidity Market (BLM), while Pharaoh Exchange creates demand for that capital through its trading platform. Both teams are working to educate their respective communities about how these protocols strengthen the broader Avalanche DeFi ecosystem when operating together.

BENQI's liquid staking token sAVAX has expanded its integration across additional DeFi platforms, providing users with more venues to generate yield on their staked AVAX. **Key Points:** - sAVAX holders can now access earning opportunities in more protocols - The expansion builds on BENQI's liquid staking solution for Avalanche - Users maintain staking rewards while deploying assets across DeFi applications This development continues the trend of liquid staking tokens gaining broader utility within the Avalanche ecosystem, allowing stakers to maximize capital efficiency without sacrificing their staking positions.

**BENQI**, a DeFi protocol on Avalanche, has launched **cross-chain repayment support** to streamline asset management. **Key Features:** - Users can repay loans directly from any EVM-compatible chain through BENQI - Eliminates manual bridging between networks - Reduces need to switch between multiple applications - Consolidates DeFi operations into a single interface **What This Means:** The update addresses a common friction point in DeFi - managing assets across different blockchains. Instead of bridging tokens manually and navigating multiple platforms, users can now handle repayments from various EVM chains in one place. BENQI operates two main products on Avalanche: a liquidity market for lending and borrowing, and a liquid staking protocol for AVAX. This cross-chain functionality builds on their existing infrastructure to reduce operational complexity for users managing positions across different networks.

**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).