BENQI is a DeFi liquidity market protocol that is built on Avalanche. The protocol consists of two parts. Firstly, BENQI Liquidity Market (BLM) protocol allows its users to lend, borrow, and earn interest with their tokens. Secondly, as a liquid stak...Moreing solution, BENQI Liquid Staking (BLS) protocol allows users to utilize the yield-bearing asset within Decentralized Finance applications. When users stake their AVAX tokens in BLS, they receive BENQI Liquid Staked AVAX (sAVAX) in return, which is the tokenized representation of the staked AVAX and allows stakers to enjoy interests through Avalanche staking rewards.
A quick snapshot of BENQI Liquid Staked AVAX ROI (return on investment) over different time periods.
A successful project is based on a foundation of a well experienced team. Take a closer look into BENQI Liquid Staked AVAX's team.
Projects with a public Github account have more transparency and reliability. It's best to invest in projects with multiple contributors and commits (code developed and pushed to Github).
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Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
We do not have any data on the market cap and liquidity of this project.
A project backed by well-known investors is a strong signal for success. Take a closer look into BENQI Liquid Staked AVAX's investors.
Project announcements and news have a significant impact on the price. Below are live updates from BENQI Liquid Staked AVAX's Twitter and Reddit accounts.
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