BENQI Liquid Staking Reaches New TVL High of 13.​2M AVAX

**BENQI's liquid staking pool has secured over 15 million AVAX**, introducing a new governance mechanism called Node Voting. **How Node Voting Works:** - Stake QI tokens to earn BENQI Miles - Use Miles to vote on validator delegations - **65% of delegations** go to the Open Pool automatically - **35% are controlled** by BENQI Miles holders This system gives QI stakers direct influence over where the protocol's substantial AVAX holdings are delegated, potentially **maximizing validator rewards** for participants. The feature builds on BENQI's existing liquid staking service, where users stake AVAX to receive sAVAX tokens that can be used across DeFi protocols for lending, trading, and yield farming. [Participate in Node Voting](https://app.benqi.fi/nodevoting)

**Silo Finance** has activated $22.5K in monthly rewards for its sAVAX-AVAX market. **Key Details:** - Stake $AVAX into the sAVAX-AVAX market - Earn rewards in three tokens: $AVAX, xSILO, and $QI - sAVAX maintains capital efficiency while generating additional yield **Background:** sAVAX launched on Silo Finance in July with **95% max LTV** and up to **20x leverage** capabilities. The integration brings enhanced capital efficiency to Avalanche's liquid staking ecosystem. **Benefits:** - Multiple reward streams from a single position - Maintained AVAX exposure through sAVAX - Access to Silo's leveraged borrowing features This reward program enhances the utility of BENQI's liquid staking token within DeFi applications.

**Time-sensitive opportunity** for AVAX stakers on Aave V3 ending Wednesday. **How it works:** - Supply AVAX or sAVAX as collateral - Borrow GHO stablecoin against your deposit - Earn rewards while incentives remain active **Key details:** - sAVAX can be used as collateral to borrow GHO on Aave V3 - GHO is bridged from Ethereum using lock-and-mint mechanism - Parameters are governed by Aave DAO - **Incentives end Wednesday** - limited time remaining This integration brings stablecoin utility to Avalanche-native stakers, allowing them to unlock liquidity while maintaining their staking positions. *Act quickly* - rewards program has a firm deadline.

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.

At the Avalanche Summit LATAM, BENQI Co-Founder @born2hodl revealed upcoming developments for the protocol: - **Ignite9000**: Stake $QI to run an Avalanche validator and earn additional rewards - **BENQI Miles**: Rebranding of veQI, introducing Locked Miles feature - **UI/UX Upgrades**: - Unified landing page for all dApps - Cross-chain swaps - Improved dashboard - Option to repay loans with ERC20 tokens BENQI reaffirms its commitment to driving DeFi innovation within the Avalanche ecosystem.