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Benqi Finance Launches Its AVAX Staking Feature

Share on X icon · Published 4 years ago on February 18, 2022 · Hassan Maishera

Benqi Finance, an Avalanche liquidity market protocol, announced the launch of its AVAX liquid staking on Twitter yesterday.

Benqi Finance Launches Its AVAX Staking Feature

Benqi Finance, an Avalanche liquidity market protocol, announced the launch of its AVAX liquid staking on Twitter yesterday. The protocol enables users to stake AVAX to receive sAVAX, an interest-bearing version of Avalanche's native token. 

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.

Avalanche’s AVAX has lost 2% of its value in the past 24 hours and is currently trading at $93 per coin.

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Hassan Maishera
Hassan Maishera Senior Reporter · Joined 2021 · 8950 articles

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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