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Binance announced the addition of BENQI (QI) to its Launchpool, granting users the ability to start farming from tomorrow.
BENQI is a decentralized non-custodial liquidity market protocol built on the high-speed Avalanche smart contract network. The protocol allows users to lend, borrow, or earn interest using their digital assets.
The team chose Avalanche because of its decentralized network’s claimed high scalability, low fees and compatibility with popular plugin wallets. One of the goals of BENQI is to become a cross-chain hub, connecting Ethereum, Polkadot and Binance Smart Chain (BSC) through the Avalanche subnets.
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.
The guide deals with the ECOMI that aims to become the world’s largest NFT marketplace where users have access to a handful of brands on a flexible and secured platform.
As the next era of the web continues to emerge, a lot of platforms are deploying suitable Web3 infrastructures to encourage further participation in the industry. Ankr is one of such platforms, and here is all you need to know about it.
