Symbiosis Finance partners With Benqi Finance

Symbiosis Finance, a multi-chain liquidity protocol, has announced a cooperation with BENQI, the Avalanche on-chain liquidity staking, and liquidity market protocol.

About Symbiosis Finance

Symbiosis Finance is a cross-chain engine and interchain communication Protocol with one of these features:

  • Interchain Communicating: Supplying liquidity to third-party DeFi protocols via Symbiosis
  • Fully decentralized
  • Interoperable: It connects every blockchain that gets enough market attention
  • Non-Custodial
  • Limitless cross-chain liquidity: It targets as many token pairs as possible across all blockchains while providing the best prices for swaps between any arbitrary token pair.

About BENQI Finance

BENQI is a Decentralized Finance (DeFi) liquidity market protocol, built on Avalanche. The BENQI Protocol consists of:

  • BENQI Liquidity Market: Enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol earn yield, while borrowers are able to borrow in an over-collateralized manner.
  • BENQI Liquid Staking: A liquid staking solution that tokenizes staked AVAX to grant users the ability to utilize the yield-bearing asset within Decentralized Finance applications.

Conclusion

All information on the article is for reference only, this is not investment advice. Hopefully, the information that Avaxholic has gathered in the article will be useful to you.

Join the Avaxholic chat group now to discuss the hot issues of the DeFi market with the Avaxholic admin team!!!

Rate this post

Source