BENQI Expands sAVAX Integration Across Avalanche DeFi Ecosystem

BENQI's liquid staking token sAVAX has expanded to additional earning venues on the Avalanche network. **Key Development:** - sAVAX holders now have access to more platforms where they can deploy their tokens - The expansion builds on BENQI's liquid staking protocol that allows users to earn yield while maintaining liquidity **What is sAVAX:** SAVAX is BENQI's yield-bearing token that represents staked AVAX. It allows users to earn staking rewards while still being able to use their assets across DeFi applications, rather than having tokens locked in traditional staking. This development increases the utility of sAVAX by providing holders with more options to generate returns across the Avalanche ecosystem.

**BENQI has integrated direct swapping functionality** to eliminate the friction of users leaving the platform to exchange assets on external DEXs. **The Problem:** - Users previously had to exit BENQI, swap tokens on a separate DEX, then return to supply or repay - Each additional step increased the risk of losing users - During liquidations, these delays could prove costly when speed matters most **The Solution:** - Users can now supply or repay with any asset from any chain in a single click - The integrated swap router sources liquidity across multiple Avalanche DEXs - Optimal rates are provided without leaving the BENQI app **Available Features:** - Stake - Lend - Borrow - Swap The update streamlines the user experience by removing unnecessary steps in the DeFi workflow, particularly critical during time-sensitive liquidation scenarios. [Try it now](https://app.benqi.fi/swap)

**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.

**Anchorage Digital has integrated BENQI's liquid staking solution**, enabling institutional clients to stake AVAX and mint sAVAX directly through their platform. **Key Integration Benefits:** - Seamless AVAX staking and sAVAX minting for institutional clients - Access to Avalanche's liquid staking ecosystem at institutional scale - Built on sAVAX's proven reliability and composability **BENQI's Growing Dominance:** - 23.3M AVAX currently staked (+5.7M month-over-month) - sAVAX represents 4.3% of all AVAX in circulation - Over 63,000 active stakers using the protocol This partnership extends **institutional-grade access** to Avalanche DeFi, allowing clients to earn staking rewards while maintaining liquidity for other DeFi activities across the ecosystem.

**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).