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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Easily provide, borrow, and earn interest on your digital assets with BENQI. By staking AVAX on BENQI’s liquid staking protocol, you can engage in robust decentralized finance applications without restrictions. You can begin earning interest today by supplying any amount on our algorithmic liquidity market. The protocol is bolstered by ongoing audits and security protocols to ensure its integrity. BENQI operates as a Decentralized Finance (DeFi) liquidity market protocol, established on the Avalanche network. It comprises two main components: the BENQI Liquidity Market (BLM) and the BENQI Liquid Staking (BLS). The BLM allows users to seamlessly lend, borrow, and accumulate interest on their digital assets, where liquidity providers earn yields while borrowers secure loans through over-collateralization. Meanwhile, the BLS offers a liquid staking solution that converts staked AVAX into a usable asset, allowing users to maximize the benefits of their yield-generating investments while maintaining liquidity. Consequently, BENQI presents a comprehensive platform for both liquidity management and staking opportunities.

Description

Enhance your Platypus LP rewards effortlessly without the stress of capital allocation or penalties for withdrawals by simply making a deposit to increase your earnings. By transforming your PTP into a yield-generating asset, you can convert it at Echidna and stake ECD to achieve a substantial APR along with 40% of Echidna’s fees. Additionally, you can reap extra rewards from stablecoin protocols that are vying for emissions through Platypus' voting gauge. It is worth noting that Echidna has undergone an audit by Omniscia, the auditors associated with Platypus Finance. Prior to our protocol's debut, Echidna also distributed 2% of its total supply to vePTP holders. By converting your PTP, you can secure an impressive 19.61% APR. Boost your PTP earning potential by depositing it at Echidna, but be mindful that while staking PTP is lucrative, it comes with challenges such as illiquidity, lack of productivity, and exposure to the price volatility of PTP. These issues can deter stablecoin farmers, who generally prefer low-risk options, as well as new users who may struggle to acquire PTP affordably. However, Echidna addresses these concerns effectively, allowing LPs to farm using our vePTP and enjoy a more favorable farming experience. This innovative approach paves the way for a better yield farming environment.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Avalanche
Base App
Core
MetaMask
WalletConnect
Yield Yak
BENQI
Bitcoin
Chainlink
Coin98
Degis
Echidna Finance
Ethereum
ImmuneBytes
Parsec
Platypus
Rabby
Solidity Fuzzing Boilerplate
TetherX
XDEFI Wallet

Integrations

Avalanche
Base App
Core
MetaMask
WalletConnect
Yield Yak
BENQI
Bitcoin
Chainlink
Coin98
Degis
Echidna Finance
Ethereum
ImmuneBytes
Parsec
Platypus
Rabby
Solidity Fuzzing Boilerplate
TetherX
XDEFI Wallet

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

BENQI

Country

United States

Website

benqi.fi/

Vendor Details

Company Name

Echidna Finance

Website

www.echidna.finance/

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Product Features

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