The native token of the BENQI ecosystem, Qi Coin, is displaying notable signs of a bullish trend.
Navigating the dynamic realm of decentralized finance (DeFi), BENQI Crypto stands out as a beacon of innovation, reshaping how we engage with digital assets. Promising high returns, a robust ecosystem, and a versatile native currency, BENQI is at the forefront of the ever-evolving DeFi landscape.
A recent significant development, reported on X, unveiled news that BENQI has successfully migrated its farm rewards to the $QI / $AVAX Liquidity Pool on Trader Joe, a decentralized exchange (DEX) operating on the Avalanche network. Trader Joe is designed with an automated market maker (AMM) to enhance capital efficiency, minimize slippage, and mitigate the impact of impermanent loss.
Big news- we recently migrated our farm rewards to the $QI / $AVAX @TraderJoe_xyz Liquidity Pool.🌊
Start farming $QI rewards in the TJ $QI / $AVAX LP today: https://t.co/PrvuCc9CwD pic.twitter.com/RHFkptNPGW
— BENQI🔺 (@BenqiFinance) December 28, 2023
BENQI Holders Can Now Continue Farming $QI Rewards
With this migration, BENQI holders can commence farming $QI rewards in the TJ $QI / $AVAX LP starting today. The announcement triggered a 17% increase in the token’s value over the last 24 hours, currently trading at $0.022. Notably, trading volume has surged by an impressive 888% within the past 24 hours.
The positive market response reflects the community’s enthusiasm for BENQI’s strategic moves and the integration with Trader Joe’s liquidity pool.
Finally, as BENQI continues to carve its path in the DeFi space, this recent development underscores its commitment to providing value and opportunities for its user base.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.