cincinnatus
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- 26/8/19
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Introduction to BENQI
BENQI is a non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.
Why BENQI?
Decentralized Finance (DeFi) has grown substantially in the last 2 years. As most of DeFi's activity is currently conducted on Ethereum, the network has started to experience congestion problems that have resulted in high network fees. This has proven to be a significant barrier for both old and new users with smaller capital to justify engaging in DeFi.
BENQI aims to alleviate these problems by providing a Liquidity Market Protocol on a highly scalable and decentralized platform. With a focus on approachability, ease of use, and low fees, BENQI will democratize access to decentralized financial products by providing permissionless lending and borrowing where users can:
Instantly supply to and withdraw liquidity from a shared liquidity market
Instantly borrow from a liquidity market using their supplied assets as collateral
da oggi su Binance
Introducing BENQI (QI) on Binance Launchpool! Farm QI by Staking BNB, AVAX and BUSD Tokens
BENQI is a non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.
Why BENQI?
Decentralized Finance (DeFi) has grown substantially in the last 2 years. As most of DeFi's activity is currently conducted on Ethereum, the network has started to experience congestion problems that have resulted in high network fees. This has proven to be a significant barrier for both old and new users with smaller capital to justify engaging in DeFi.
BENQI aims to alleviate these problems by providing a Liquidity Market Protocol on a highly scalable and decentralized platform. With a focus on approachability, ease of use, and low fees, BENQI will democratize access to decentralized financial products by providing permissionless lending and borrowing where users can:
Instantly supply to and withdraw liquidity from a shared liquidity market
Instantly borrow from a liquidity market using their supplied assets as collateral
da oggi su Binance
Introducing BENQI (QI) on Binance Launchpool! Farm QI by Staking BNB, AVAX and BUSD Tokens