BENQI Unveils Future Plans at Avalanche Summit LATAM

🔥 BENQI's secret recipe revealed

By Benqi
Oct 17, 2024, 6:51 PM
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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.​

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$NXPC Integration on BENQI Creates Unified Economy for Gaming and DeFi

$NXPC Integration on BENQI Creates Unified Economy for Gaming and DeFi

BENQI has integrated $NXPC tokens into its lending protocol, creating a bridge between gaming and DeFi ecosystems. The integration allows users to supply $NXPC and earn yields while participating in what the protocol describes as "repeatable onchain loops." **Key Details:** - $NXPC can now be supplied on BENQI Lending to earn passive income - The integration connects players from Nexpace and MapleStory Universe with DeFi users - Creates a shared economic layer where gaming assets and DeFi protocols interact The collaboration between BENQI, Nexpace, and MapleStory Universe aims to build deeper on-chain economic loops that benefit both gaming communities and DeFi participants. Users can participate by supplying $NXPC tokens through BENQI's lending protocol on Avalanche.

BENQI Integrates with Binance Wallet for One-Tap Avalanche Access

BENQI Integrates with Binance Wallet for One-Tap Avalanche Access

BENQI has integrated with Binance Wallet, enabling users to access liquid staking, swapping, and lending on Avalanche with a single tap. **Key Features:** - Direct access to stake AVAX and mint sAVAX from Binance Wallet - Streamlined path from custody to onchain activity - Maintains capital flexibility while earning staking rewards This integration follows BENQI's recent partnership with [Anchorage Digital](https://anchorage.com), which opened institutional access to liquid staking. The protocol continues expanding its infrastructure to serve both retail and institutional users on Avalanche. BENQI operates two core products: the Liquidity Market for lending and borrowing, and Liquid Staking, which tokenizes staked AVAX into sAVAX for use across DeFi applications.

Anchorage Digital Integrates BENQI's sAVAX for Institutional Avalanche Staking

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

🎮 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 Launches Node Voting System Using Miles for AVAX Validation Rewards

BENQI Launches Node Voting System Using Miles for AVAX Validation Rewards

**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.

DeFi