BENQI Hits $1B in TVL Just Days After Its Launch

by Aurelia Butler 23 August 2021, 13:30 159 Views

In a remarkable show of support and trust, BENQI has over $1 billion in terms of total assets on its decentralized platform. This is indeed a huge call for celebration as the platform just went live on August 19, 2021.

This is all in thanks to the liquidity mining program in collaboration with Avalanche for boosting DeFi growth. Specifically, BENQI — an algorithmic liquidity market protocol. It will mark the next phase of growth for Avalanche’s DeFi ecosystem.

To highlight, $3M of AVAX will be set aside as liquidi…

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Source: Cryptocurrency - investing.com

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BENQI Hits $1B in TVL Just Days After Its Launch

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