Benqi Finance Launches Its AVAX Staking Feature

Twitter icon  •  Published há 2 anos  •  Hassan Maishera

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

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.

Author

Hassan Maishera

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.