BENQI – DIGIT INFO

Benqi’s $QI Token Hits New Highs Amidst Bullish Momentum

DIGIT — Tue, 19 Mar 2024 04:28:04 +0000

Amidst a mixed day for cryptocurrencies, $QI (BENQI) has emerged as a standout performer, marking new post-breakout highs and showcasing a remarkable 12% gain. This surge in price brings $QI closer to its target of $0.24365, with a substantial upside potential of over 612%. One key factor driving the positive sentiment surrounding $QI is the significant increase in Total Value Locked (TVL) within the Benqi Lending protocol. Over the past month alone, the TVL has surged by an impressive 50%, surpassing the $330 million mark. The unutilized lending funds, often referred to as the Total Value Locked (TVL) in lending

The post Benqi’s $QI Token Hits New Highs Amidst Bullish Momentum appeared first on The Merkle News.

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Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

DIGIT — Fri, 03 Mar 2023 20:00:30 +0000

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged […]

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More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols

DIGIT — Mon, 14 Mar 2022 14:30:18 +0000

In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to […]

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BENQI and Avalanche Launch $3M Liquidity Mining Initiative to Accelerate DeFi Growth

DIGIT — Wed, 11 Aug 2021 05:15:39 +0000

PRESS RELEASE. BENQI, an algorithmic liquidity market protocol, and the Avalanche Foundation are collaborating on a joint liquidity mining program to celebrate the launch of the BENQI protocol on the 19th of August and the next phase of growth within Avalanche’s DeFi ecosystem. $3MM of AVAX will be allocated as liquidity incentives for BENQI users, […]

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Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors

DIGIT — Tue, 04 May 2021 11:30:37 +0000

As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors, shaping a new era of decentralization. Globe DX Successfully Closes Fresh $18 Million Funding Round A new […]

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BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

DIGIT — Wed, 14 Apr 2021 21:00:00 +0000

PRESS RELEASE. BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and […]

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