The Next Steps for BENQI

Published by AVAX on

BENQI’s goal since inception has been to bridge the gap between decentralized finance (DeFi) and what’s known as “traditional” finance. They’ve done a superb job thus far and are making efforts toward the next steps in the roadmap.

Since the launch of the protocol on August 19, BENQI has achieved:

  • 1st protocol to hit the $1 billion Total Value Locked (TVL) mark on Avalanche
  • $2 billion worth of supplied assets in the first 2 weeks of launch
  • 13,000+ total unique users
  • Peak of 3,000 daily active users
  • $1.2 million in 30-Day Protocol Revenue
  • 1st recipient of the Avalanche Rush initiative
  • 1st protocol on Avalanche to adopt Chainlink’s decentralized price feeds
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BENQI outlines a vision of enabling further democratization of financial products with additional protocols and improvements that align with our goals and vision.

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Read more into the full article outlining the future vision as well as current capabilities with BENQI here.

Twitter: @BenqiFinance


Categories: DEFI_NEWS