DeltaPrime and Benqi Partnership

Published on: 25.11.2022
DeltaPrime and Benqi Partnership

DeltaPrime and Benqi Partnership, aiding in the unlocking of trapped capital across the chain.

Hn_avax, co-founder and head of strategy of Benqi, has since a couple of months supported the DeltaPrime team with valuable advice in preparation for the launch, DeltaPrime and Benqi Partnership.

Unlocking liquidity

Benqi has been working to release this locked liquidity for the last year. They favor the sAVAX as a weapon. Benqi lets you to leverage the value of your staked AVAX for other, protocol-specific investments by offering sAVAX, its tokenized form of staked AVAX. It adds trapped value back into DeFi’s cash flow.

What changes

At launch, you will be able to use sAVAX on DeltaPrime. As sAVAX is the tokenized version of AVAX, you can benefit from most AVAX strategies by swapping your borrowed AVAX into sAVAX.

  • farm sAVAX with YieldYak and Vector Finance
  • Borrow AVAX or USDC against your (farmed) sAVAX
  • Multiply your sAVAX returns in a cross-margin portfolio
  • Create more complex strategies with the staked AVAX equivalent.

Opportunities explored

In preparation for future collaborations, QI, Benqi’s native token has been integrated as a non-collateral token. In doing so, farms that reward the QI token can be integrated into DeltaPrime.

About DeltaPrime

Providing secure undercollateralized loans, redistributing assets with a focus on maximum capital efficiency. Being built on the strong foundation of the Avalanche network, Prime users are ensured of fast and reliable transactions for their most important investments.

Website | Twitter

About BENQI

Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. BENQI’s suite of yield-generating DeFi products consists of BENQI Liquidity Markets and BENQI Liquid Staking.

Website Twitter

SOURCE: https://medium.com/@Delta_Prime/deltaprime-partners-with-leading-avalanche-protocol-benqi-7477feae3c7f

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