BENQI Liquid Staking was Launched

TokenInsight news, BENQI Liquid Staking is a liquid staking service launched by BENQI, an avalanche lending protocol. Users can stake AVAX on BENQI, get sAVAX, and earn Avalanche node benefits (similar to Lido). sAVAX can be used on third-party DApps, including AMMs (Trader Joe, Pangolin) and lending protocols (BENQI, Anchor, Aave). In addition, BENQI also announced a partnership with Terra’s lending protocol Anchor, allowing sAVAX to join bLUNA and bETH as Anchor’s collateral.