BENQI Launches Node Voting System Using Miles for AVAX Validation Rewards
BENQI Launches Node Voting System Using Miles for AVAX Validation Rewards
🗳️ BENQI Miles Vote
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 Node Voting: Governance made tangible. Use your BENQI Miles to earn more $AVAX validation rewards when you vote for your own personal validator. 👇
Anchorage Digital Integrates BENQI's sAVAX for Institutional Avalanche Staking
**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.
🎮 MapleStory Meets DeFi
**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 Expands sAVAX Integration Across Avalanche DeFi Ecosystem
**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.
BENQI Announces Major UI Upgrades at Avalanche Summit LATAM
BENQI is set to launch significant user interface improvements, as announced by Co-Founder @born2hodl at the Avalanche Summit LATAM. The upgrade focuses on three key areas: - Enhanced user experience with streamlined asset management - More intuitive interface design - Implementation of Optimistic Finality UX These changes aim to simplify DeFi interactions while maintaining advanced functionality under the hood. The new interface will offer faster navigation and more efficient asset management capabilities.