JD Gagnon, Co-Founder & CEO of BENQI – a lending and liquid staking protocol on Avalanche – joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with JD we discuss the basics of what BENQI is, how it works, how it's positioned within the market, growth drivers and challenges, and plans for the future.
BENQI's dashboard: https://tokenterminal.com/terminal/projects/benqi
Timestamps:
00:00 Introduction
01:10 What is BENQI?
02:22 BENQI Liquidity Market (BLM)
04:36 BENQI Liquid Staking (BLS)
06:27 Differences between (liquid) staking AVAX and ETH
08:43 Fees & business model
10:52 Growth drivers & business development focus areas
13:12 The QI token & veQI
15:13 User composition
17:22 What's next for BENQI?
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