Tuesday, 24 October 2023 07:55 AM
Product Announcements
SINGAPORE, SINGAPORE / ACCESSWIRE / October 24, 2023 / The popular Avalanche-based liquidity market as well as a liquid staking protocol BENQI has integrated dappOS V2 to offer intent-centric user experience.
Users can enjoy an enhanced lending and staking experience and apply more sophisticated staking strategies thanks to dappOS V2 solutions. Firstly, it is possible to supply and earn yields on Avalanche-based BENQI or seamlessly borrow assets from any chain and then use the funds on dApps deployed on other chains. Secondly, users can enjoy increased staking yields by executing recursive $AVAX staking that allows them to pre-set the number of execution counts and borrowing ratio and automatically proceed the entire workflow with only one click. Thirdly, dappOS V2 offers the convenience of paying for the gas and bridging fees in any assets.
For example, users from BNB Chain can supply 10 ETH to BENQI without manually bridging to Avalanche. Users can also borrow 1000 $USDC into dappOS unified account and then seamlessly use them on Perpetual protocol powered by dappOS V2. With recursive staking, users can stake $AVAX multiple times with only one click and enjoy superior staking rewards compared to a simple staking strategy.
dappOS V2 is providing CeFi-like user experience and a complete decentralization at the same time with new features of unified account, support for task dependency, and a new bidding system. It makes it easier for users to manage their on-chain assets, execute complex transactions, and participate in the dappOS network with a seamless experience. dappOS reward system also provides long-term incentives for users.
As an intent-centric Web3 operating protocol, dappOS received a pre-seed investment from Binance Labs in 2023, June and completed a seed investment round led by IDG Capital and Sequoia China in 2023, July.
About BENQI
BENQI is a suite of decentralized finance protocols built on Avalanche consisting of the BENQI Markets and BENQI Liquid Staking. BENQI Markets 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 is an Avalanche liquid staking solution that tokenizes staked AVAX. By tokenizing AVAX through liquid staking, users are given the ability to use, swap or collateralize the yield-bearing asset within Decentralized Finance applications.
Media Contact:
Name: Essie
Company name: dappOS
Location: 60 PAYA LEBAR ROAD #12-03 PAYA LEBAR SQUARE SINGAPORE (409051)
Email: [email protected]
SOURCE: BENQI