$NXPC Integration on BENQI Creates Unified Economy for Gaming and DeFi
$NXPC Integration on BENQI Creates Unified Economy for Gaming and DeFi
馃幃 Gaming Meets DeFi Lending
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
Technical Implementation: The integration leverages BENQI's existing liquidity market infrastructure on Avalanche, where users can lend and borrow assets in an over-collateralized manner. By adding $NXPC, the protocol extends its utility beyond traditional DeFi tokens into gaming economies.
This represents a practical application of cross-sector blockchain integration, allowing gaming tokens to function within established DeFi protocols while maintaining their utility in their native gaming environments.
馃搳 BENQI Reports Strong January Growth Across Avalanche DeFi
BENQI released its January performance metrics, showing continued momentum across its Avalanche-based DeFi platform. **Key Highlights:** - **Liquid staking adoption** through $sAVAX continued to grow - **Lending markets** maintained strong utilization rates - **Ecosystem connectivity** expanded as users moved capital between opportunities while staying on-chain The metrics follow BENQI's recent integration with [Binance Wallet](https://www.binance.com) and partnership with [Anchorage Digital](https://www.anchorage.com), both aimed at reducing friction for users entering Avalanche DeFi. BENQI's liquid staking token $sAVAX allows users to stake AVAX while maintaining liquidity for lending, swaps, and other DeFi activities.
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.
馃幃 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 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.