Investing.com - Financial Markets Worldwide

Avalanche and BENQI Work on $3M Liquidity Mining Program

Published 08/10/2021, 10:30 AM
Avalanche and BENQI Work on $3M Liquidity Mining Program

  • The Avalanche Foundation and BENQI are coming together for a liquidity mining program.
  • $3 million AVAX will be allocated as liquidity incentives for BENQI users.
  • The next phase of Avalanche will focus on expanding money markets.

The Avalanche Foundation is collaborating with BENQI, an algorithmic liquidity market protocol, for a joint liquidity mining program. The event will celebrate the launch of the BENQI protocol on August 19 and the next phase of growth within Avalanche’s DeFi ecosystem.

Avalanche will allocate $3 million of AVAX, its native token, as liquidity incentives for BENQI users. Other than this, additional incentive programs will follow soon. The AVAX will be offered as a reward to users who are borrowing and lending crypto on the protocol with BENQI.

Before this,

Continue reading on CoinQuora

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.