🎮 MapleStory Meets DeFi

**BENQI is streamlining its operations** by shutting down Isolated/Avalanche Ecosystem Markets to focus on core lending and liquid staking. **Key Changes (Effective May 28):** - Collateral factors for Isolated Markets assets reduced to 0 - Exception: NXPC remains unaffected - Core Markets (~$170M TVL) and Liquid Staking continue normally - Only affects smaller Isolated Markets (~$500K TVL) **Action Required:** Users with active borrow positions in Isolated Markets must repay outstanding loans before the deadline to avoid liquidation risk. **Why the change?** BENQI is reducing risk and concentrating resources on its primary products: the Core Market lending platform and liquid staking protocol. Questions can be directed to the official BENQI community Discord or Telegram channels.

**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.

**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.