BENQI

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

March 3, 2023 Bitcoin.com

Avalanche

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged […]

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More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols

March 14, 2022 Bitcoin.com

Aave

In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to […]

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Altcoin Built on Avalanche Surges 60% After Sudden Listing From Crypto Exchange Binance

November 15, 2021 The Daily Hodl

Altcoins

A small-cap altcoin is flying high after earning support from the global crypto exchange Binance. The liquidity protocol BENQI was built on Avalanche, and its native token QI allows holders to earn rewards and participate in project governance. Binance says of the lending and borrowing protocol, “BENQI is a decentralized non-custodial liquidity market protocol on Avalanche. It scales DeFi [decentralized […]

The post Altcoin Built on Avalanche Surges 60% After Sudden Listing From Crypto Exchange Binance appeared first on The Daily Hodl.

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BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth

August 10, 2021 The Crypto Briefing

Source: Crypto Briefing Go to Source Author: ChainWire

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Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors

May 4, 2021 Bitcoin.com

AI

As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors, shaping a new era of decentralization. Globe DX Successfully Closes Fresh $18 Million Funding Round A new […]

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BENQI Completes $6 Million Funding Round Led by Ascensive

April 27, 2021 The Daily Hodl

BENQI

April 27, 2021 – New York, USA BENQI, an algorithmic liquidity protocol on Avalanche, is proud to announce the raising of $6 million in funding from external investors and advisors. Thanks to this funding round, the lending and borrowing protocol on Avalanche will continue developing its services and features. The BENQI team successfully completed a […]

The post BENQI Completes $6 Million Funding Round Led by Ascensive appeared first on The Daily Hodl.

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BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

April 14, 2021 Bitcoin.com

Avalanche

PRESS RELEASE. BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and […]

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