Fundamentals BENQI – Liquid staking and lending on Avalanche | 15-minute fundamentals
JD Gagnon, Co-Founder & CEO of BENQI – a lending and liquid staking protocol on Avalanche – joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with JD we discuss the basics of what BENQI is, how it works, how it's positioned within the market, growth drivers and challenges, and plans for the future.
BENQI’s dashboard: https://tokenterminal.com/terminal/projects/benqi
(note that the dashboard currently only tracks the metrics for BENQI's lending protocol. The liquid staking business line will be added soon.)
More information on veQI: https://docs.benqi.fi/benqi-liquid-staking/veqi
BENQI: https://benqi.fi/
Twitter: https://twitter.com/BenqiFinance
JD’s Twitter: https://twitter.com/the_diamondrock
Make sure to leave a comment if you have any questions 🙌
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Timestamps:
00:00 Introduction
01:10 What is BENQI?
02:22 BENQI Liquidity Market (BLM)
04:36 BENQI Liquid Staking (BLS)
06:27 Differences between (liquid) staking AVAX and ETH
08:43 Fees & business model
10:52 Growth drivers & business development focus areas
13:12 The QI token & veQI
15:13 User composition
17:22 What's next for BENQI?
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The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
#BENQI #AVAX #TokenTerminal #crypto #investing