Notifi New Partnership with BENQI will provide the following alerts in the staking app:

• BENQI Announcements: allow BENQI users to receive updates, alpha and more, directly from the BENQI team.
• Unstake and Redeem reminders: Alert stakers once the unstake cool down period is complete and they’re able to redeem their sAVAX during the 48 hour redeem window.
• Staking withdrawal confirmation: Confirm with stakers when they have successfully redeemed sAVAX for their AVAX plus rewards.

Borrowing and Lending App

Notifi will notify borrowers and lenders of their deposits, withdrawals, and position safety. This prevents users from examining BENQI and token prices while monitoring DeFi positions. Notifi sends alerts as debtors near liquidation, reassuring them.

Notifi will provide the following alerts in the lending app:

• BENQI Announcements: BENQI users receive updates, alpha and more, directly from the BENQI team.
• Loan deposit and withdrawal confirmations: For security, borrowers receive notifications any time tokens are deposited or withdrawn from their vault.
• Loan health alerts: Borrowers receive notifications any time their Health Factor score is below: 2, 1.5, or a custom threshold set by the borrower.
• Liquidation alerts: Borrowers receive notifications when their position is liquidated.

About Notifi

Notifi empowers developers and creators to better engage with their users and communities via multichannel communications.

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

About Avalanche

Avalanche network is the blockchain industry’s quickest smart contracts platform digital asset. Avalanche is blazingly fast, low cost, echo-friendly Any smart contract-enabled application can outperform its competition by deploying on Avalanche.

Website | Twitter

SOURCE: https://medium.com/avalancheavax/dos-labs-launches-subnet-built-for-an-alliance-of-gaming-studios-47c7996a9c0a

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Bridged assets are smart contracts with different security and market characteristics, despite popular belief. Under-collateralization risk.

Chainlink Proof of Reserve uses automated cryptographic verification to reliably and quickly monitor off-chain or cross-chain reserves. Avalanche Bridge assets lower BENQI wrapped token risk in PoR. Chainlink PoR updates collateral balance data. BENQI Integration with Chainlink

If BENQI reserves show an abnormality, it stops and disables impacted pools to prevent arbitrage and other cross-chain exploit concerns.

About Chainlink

Chainlink decentralized oracle network supports Web3 apps & hybrid smart contracts. Offers global enterprises and data providers may access to all blockchains. Chainlink secures tens of billions of dollars across DeFi, insurance, gaming, NFTs, and other major industries.

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://benqifinance.medium.com/benqi-integrates-chainlink-proof-of-reserve-and-automation-to-help-secure-cross-chain-asset-lending-c1f888d6539c

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Dan Mgbor, Co-Founder of BENQI said that Cross-chain assets add value to the protocol by giving users a wider range of digital assets to transact with on BENQI, but they also come with unique risk and market profiles. The combination of Chainlink Proof of Reserve and Automation helps give BENQI the ability to monitor cross-chain reserves in near real-time and build in automatic protections in case of unexpected events. This elevated bar of security underpinned by Chainlink oracle services inspires user confidence in BENQI and gives everyone more peace of mind.

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

About BENQI

BENQI is a DeFi protocol on Avalanche providing users and developers access to capital-efficient DeFi products. It consists of the BENQI Liquidity Market for crypto lending & borrowing and BENQI Liquid Staking, the AVAX liquid staking solution. For more information, visit benqi.fi.

SOURCE:

https://benqifinance.medium.com/benqi-integrates-chainlink-proof-of-reserve-and-automation-to-help-secure-cross-chain-asset-lending-c1f888d6539c

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BENQI is a DeFi system on Avalanche that combines a liquidity market and liquid staking. With the help of this DeFi product suite, customers can quickly and simply unlock liquidity on their assets, including prominent stablecoins like BUSD, USDt, and USDC as well as BTC, ETH, and AVAX. BENQI gives consumers the opportunity to utilize DeFi on a highly scalable, decentralized network by launching on Avalanche.

dappOS makes dApps as easy to use as mobile applications by removing Web3 wallet setup, gas token purchasing, and bridge tokens from one blockchain to another. dappOS will enable BENQI bridge to the BSC chain and improve user experience.

“BENQI’s objective is precisely the type of cause DappOS was created to support,” stated dappOS Ecosystem Head Darren Mayberry. DappOS streamlines DeFi across chains while BENQI speeds up liquidity providers and decreases borrowers’ fees. They fulfill Web3’s promise of democracy decentralized finance.”

dappOS handles complex tasks. It simplifies dApp processing and gives users from various chains a seamless experience. A-chain users may use b-chain dApps. Cross-chain dApps are gas-free.

About dappOS

dappOS is an operating protocol designed to make dApps as user-friendly as mobile Apps. As the first Web3 unified operating protocol, it builds a layer between users and crypto infrastructures like public blockchains and cross-chain bridges, allowing users to simply interact with dappOS to complete verification and execution in the decentralized world.

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/@dappos.com/dappos-partners-with-benqi-to-build-next-gen-ux-for-defi-liquidity-markets-cf7dd6d0d75b

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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.

So far the team has been able to unlock a whopping $65.000.000 worth of AVAX. Apart from giving you more capital to invest with, this increases chain-wide cashflow, improving the economic health of the whole of Avalanche.

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.

• Swap sAVAX with Pangolin and Trader Joe
• 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.

While the DeltaPrime and BENQI teams will continue to explore new ways to incorporate sAVAX in Prime Accounts, you can already use more complicated strategies — like the hedged stake — with the features at launch. With an 8% AVAX borrowing rate and 400% LTV, the hedged stake would generate a USD-delta-neutral APY of 33.79%.

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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BENQI Partnership with Echidna, Joint Incentives Program

The Great Token Exchange!

They’ll pay QI from their BENQI token exchange to sAVAX and wAVAX for four months. More LPs will stake sAVAX and wAVAX to earn bigger PTP and QI, boosting user incentives and enhancing liquidity.

Additionally, 10% of QI emissions will be redirected from Platypus to Echidna’s sAVAX & AVAX pools. In exchange, they moved ECD to BENQI, which is now inaccessible to veECD, the voting power for Platypus’ gauges.

BENQI, the top AVAX liquidity market and liquid staking protocol, presents a method for unlocking locked $AVAX by tokenizing staked AVAX into sAVAX, improving capital efficiency while allowing users to maximize return on staked assets.

Users should divide their deposits across wAVAX and sAVAX to get PTP and QI benefits.

About Echidna Finance

Built for Platypus Finance, Echidna Finance is a yield enhancer. Stablecoin LPs can leverage Echidna’s vePTP treasury to boost their LP rewards on Platypus without staking PTP.

Website | Twitter

About Benqi

BENQI is a decentralized non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets.

Website | Twitter

SOURCE: Medium

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Add liquidity to the eligible pools KyberSwap Elastic on Avalanche and earn liquidity mining rewards! In the first phase of this cooperative endeavor, Enhancing Liquidity on Avalanche liquidity providers will collect over $200,000 in liquidity mining awards.

With their newest protocol KyberSwap Elastic, liquidity providers can enjoy even better earnings and flexibility to plan individual earning strategies!

Liquidity Mining with BENQI and Yeti Finance on KyberSwap Elastic

Since 17th Aug, liquidity providers can add liquidity to the eligible sAVAX and YUSD pools on KyberSwap Elastic on Avalanche and earn KNC, QI and YETI rewards!\

With the Elastic protocol LPs can enjoy concentrated liquidity and compounding fees, giving you higher capital efficiency and maximizing rewards! Learn more about KyberSwap Elastic here.

Important Details: Eligible Pools (Fee Tier)

• sAVAX-AVAX (0.01%)
• sAVAX-YUSD (0.04%)
• USDC-YUSD (0.01%)

*Full list of eligible pools for Yield Farming on Avalanche can be viewed here.

KyberSwap: Benefits for the BENQI, Yeti Finance and Avalanche Ecosystem

1. For Traders

• Best swap rates for sAVAX and YUSD through DEX aggregation, while letting traders identify other tokens even before they trend/moon via on-chain metrics

2. For Liquidity Providers

• Concentrated liquidity for sAVAX, YUSD and any other token, stables and non-stables
• Auto-compounded LP (liquidity provider) fees
• Bonus liquidity incentives through yield farming
• Sniping/Just-in-time attack protection to protect the earnings for BENQI and Yeti LPs

3. For Developers

1. Dapps can integrate with KyberSwap’s pools and aggregation API to provide the best rates for their own users, saving time and resources.

Adding liquidity to BENQI / Yeti Elastic pools

• • Under “Earn -> Pools” on Avalanche, select Elastic Pools
  • Add liquidity to the eligible pools at the fee tiers mentioned above.
  • Key in your deposit amount for the token pair. Approve the tokens if you have not done so earlier.
  • Input a custom price range in which you would like to provide liquidity by indicating the min price and the max price of that range. A narrower range gives your higher concentrated liquidity and more fees, while a wider range would give a higher chance of the pool always being active (and get yield farming rewards).
  • After adding liquidity, you will receive an NFT (non-fungible token) that represents your liquidity position.

On the “Farm” page on the Avalanche network, choose the pool you wish to farm. Click the “Deposit” button to deposit your liquidity position NFT (ID number) into the farming smart contract so you can eventually stake them into the farms. Kyber Network is building a world where any token is usable anywhere. KyberSwap.com is the flagship Decentralized Exchange (DEX) aggregator and liquidity platform. The platform provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

Website | Twitter

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sAVAX is similar to stETH and ETH. Users may stake native tokens (e.g. AVAX, ETH) to secure POS networks (e.g. Avalanche, ETH2.0) and obtain staking incentives from the network. With the rise of decentralized liquid staking protocols, users now have the option to stake tokens through them to the network for additional benefits, including receiving staked assets (such as sAVAX, stETH) for increased flexibility and extra yields and having no restrictions on the number of tokens or hardware.

• Value of sAVAX

sAVAX is transferable and, different than stETH, accrues the staking rewards automatically: claimable AVAX per sAVAX = (total AVAX staked + total staking rewards generated) / total sAVAX minted. Therefore, the amount of AVAX that could be unstaked from each sAVAX keeps growing continuously, regardless of where users’ sAVAX tokens were acquired, via BENQI through staking, via Trader Joe through swapping, or just via another address through simple transfer.

• Flexibility brought by sAVAX

A normal AVAX stakers sacrifice their exit opportunities due to the immobility of staked AVAXs. When staking through BENQI, sAVAX holders regain their exit flexibility through trading sAVAX at his/her own discretion. Right now, protocols like Trader Joe and Platypus provide sAVAX trading pools with decent liquidity.

• Earning extra yield with sAVAX:

sAVAX is being integrated by an expanding number of protocols as collateral & liquidity assets for a rising variety of application situations, which gives sAVAX holders flexible yield potential. Users that invest AVAX via BENQI get 2 forms of reward, adding up to nearly 20% APR:

1. AVAX staking rewards from Avalanche network (~7.2% at time of writing);
2. Earnings from single sAVAX yield strategies (from 2% to 18% depending on the strategy);
3. Earning from sAVAX-StableCoins yield strategies (from 12% to 60% depending on the strategy) *risk of impermanent loss*

sAVAX Yield Strategies: Expectation

The sAVAX ecosystem will likely reproduce and grow, which will result in an increase in sAVAX use cases and sAVAX yield tactics. However, more complexity results from greater variety.

Without significant blockchain coding skills or robust blockchain tools, certain high yield tactics could not be readily available to consumers. CIAN, a decentralized automation tools platform that just joined Avalanche, significantly lessens this issue. A rising number of automation primitives are available on CIAN to lower operational complexity, lower capital risks, and boost capital efficiency for users. For sAVAX, CIAN has partnered with BENQI to develop a set of automated yield techniques that, with the use of decentralized automation primitives from CIAN, significantly minimize users’ work without incurring any extra costs. The article’s conclusion contains further information regarding CIAN.

Mechanism and Use Cases of sAVAX

Decentralized Exchanges

Trader Joe is a prominent DEX on Avalanche. sAVAX’s holders can provide liquidity in the sAVAX-AVAX pool on Trader Joe to earn some swap fees and token rewards. Impermanent loss is ignorable owing to the price synchronization of this particular token pair.

Other sAVAX liquidity pools can be found in Platypus and Pangolin.

Lending

Lending protocols allow users to deposit sAVAX tokens as collateral to borrow other crypto assets. This gives users access to new yield strategies, while conserving their staking rewards. Users can borrow various assets using sAVAX as collateral on BENQI, and then utilize these assets to farm extra yields on other protocols.

Currently, BENQI, Yeti Finance and MoreMoney support sAVAX as collateral. More lending platforms are expected to join the movement in the near future with the expansion of sAVAX ecosystem.

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

About CIAN

CIAN is developing a collection of automated primitives via extensive integration of blockchains/protocols and sophisticated automation that reduce difficult manual executions of common onchain tasks/strategies to a straightforward, three-step job description procedure for no-code users. The goal of CIAN is to reduce operational complexity by 80% while increasing capital efficiency by up to 60%.

Website | Twitter

SOURCE

https://cian-app.medium.com/mechanism-and-use-cases-of-savax-aca8df179b41

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