BENQI - Avalanche DeFi Hub

Liquid Staking on Avalanche

BENQI's Liquid Staking protocol revolutionizes how you stake AVAX on the Avalanche network. When you stake AVAX through BENQI, you receive sAVAX (staked AVAX), a liquid staking token that continuously accrues value in AVAX.

Key Benefits of BENQI Liquid Staking:

• Earn AVAX Yield: Receive staking rewards while maintaining liquidity
• Liquid Token: sAVAX can be used across multiple DeFi protocols
• Network Security: Help secure the Avalanche network while earning
• DeFi Integration: Use sAVAX in BENQI's Lending & Borrowing protocol
• Continuous Accrual: Your sAVAX value increases automatically over time

Unlike traditional staking where your assets are locked, BENQI's liquid staking solution allows you to participate in network validation while maintaining the flexibility to use your staked assets in other DeFi applications. This creates a more efficient and flexible staking ecosystem on Avalanche.

How It Works:

Simply stake your AVAX tokens through BENQI's platform, and you'll receive sAVAX tokens in return. These tokens represent your staked position and continue to accrue AVAX rewards. You can then use your sAVAX tokens in various DeFi protocols, including BENQI's own lending and borrowing platform, maximizing your yield potential.

BENQI Ignite - Validator Bootstrapping

BENQI Ignite is an innovative program designed to lower the barrier to entry for running an Avalanche validator. Traditionally, becoming a validator requires significant upfront capital, but Ignite makes it accessible to more participants.

How Ignite Works:

• Flexible Payment: Pay 4 AVAX per week instead of large upfront costs
• Low Minimum Stake: Stake as little as 500 AVAX and 150 AVAX worth of QI tokens
• Validator Access: Receive enough AVAX to run an Avalanche validator
• Weekly Payments: Manage costs with predictable weekly payments

This program democratizes validator participation on Avalanche, allowing more users to contribute to network security and earn validator rewards. By spreading the cost over time and reducing the minimum stake requirement, BENQI Ignite opens validator opportunities to a broader community.

Benefits:

Participants in the Ignite program can start validating on Avalanche with minimal upfront investment, making network participation more accessible. This helps decentralize the Avalanche network while providing participants with a path to earn validator rewards.

Security & Audits

BENQI partners with leading security firms to ensure the highest level of protection for its users. The platform undergoes regular security audits and works with industry experts to maintain robust security standards.

Security Partners:

• Chaos Labs - Risk management and protocol security
• Hexagate - Security monitoring and threat detection
• Immunefi - Bug bounty program and security research
• zeroShadow - Security auditing and consulting

These partnerships ensure that BENQI's protocols are continuously monitored, audited, and protected against potential vulnerabilities. Users can participate in BENQI's ecosystem with confidence, knowing that security is a top priority.

Why Avalanche?

Avalanche is a high-performance blockchain platform known for its fast transaction speeds, low fees, and robust security. BENQI leverages Avalanche's capabilities to provide users with an efficient and cost-effective DeFi experience.

Avalanche Advantages:

• Fast Transactions: Sub-second finality for quick DeFi operations
• Low Fees: Cost-effective transactions compared to other networks
• EVM Compatible: Easy integration with existing Ethereum tools
• Scalable: High throughput for DeFi applications
• Secure: Robust consensus mechanism with strong security guarantees

BENQI's choice to build on Avalanche enables users to access DeFi services with minimal friction, lower costs, and faster execution times. This makes BENQI an ideal platform for both experienced DeFi users and newcomers to the space.