market: News of BENQI (QI) - July 2024 Price Update - 9.35% Breakout Crypto News and Analysis

< Show Article: News of BENQI (QI) - July 2024 Price Update - 9.35% Breakout Crypto News and Analysis Abdullahi Saleh Saidu

Cute, funny and a little bit crazy!!!

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BENQI is a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The lending protocol allows users to lend, borrow, or earn interest using their digital assets. The Liquid Staking protocol provides a solution for capital efficiency, offering users the opportunity to unlock their “staked” AVAX to be used on Decentralized Financial protocols The founding team chose Avalanche because of its decentralized network’s claimed high scalability, low fees and compatibility with popular plugin wallets. BENQI was founded in 2021 with $6 million in backing. Among its strategic investors are Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rarestone Capital, Genblock Capital, Moon Inc

Spot the Main Event:

ISOLATED MARKETS ARE HERE BENQI has been cooking with TraderJoe_xyz and CoqInuAvax and it's time to celebrate.🥳 Initial Isolated Markets for $QI, $JOE and $COQ are now live- so what are Isolated Markets? TLDR: Isolated Markets consists of several distinct groups of assets, such as Avalanche Ecosystem, RWAs, Gaming, and a whole lot more. Each group features tailored risk management settings, so users have more options to manage risk and allocate assets to reach their goals. DeFi starts with BENQI. Experience Isolated Markets today.

Adekanmi Owojori

Freelancer , Copy Writer and Crypto lover

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Esther Wonder

Owojori

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OLUWATOSIN GARUBA

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Abifarin Temitayo

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Spot the Main Event:

The team has been assembled, Cocky Joe has arrived. ISOLATED MARKETS now live at https://app.benqi.fi/markets Supply $COQ, $Ql or $JOE and borrow USDC with juicy collateral rates, only on BENQI.

Praise Olagbadun

Professional Author and Crypto Trader

Explore the Core.

BenQi is a DeFi focused Web3 project built on the Avalanche Network. It is a decentralized non-custodial liquidity market as well as a liquid staking protocol built on the high-speed Avalanche smart contract network. The project was founded in the year 2021 with an Initial funding $6 million and has been able to rise to a Market cap of over $86M

Spot the Main Event:

The main reason for the current increase in the price of the token is the introduction of new isolated markets for $QI, $COQ, and $JOE This would attract Crypto users to their Platform as they get to earn a pretty good APY from it.