We're pleased to announce a joint incentives program between BENQI and Echidna.
04 Nov 2022, 14:00
We’re pleased to announce a joint incentives program between BENQI and Echidna.
Through this partnership, BENQI will receive ECD from Echidna in exchange for QI. Both parties are committed to the proliferation of sAVAX as the premier AVAX liquid staking token.
The ECD received will be locked up for veECD which represents voting power for Platypus Finance’s voting gauge.
BENQI will be directing all of the veECD voting power towards the AVAX and sAVAX pools on Platypus for PTP emissions.
Holders of AVAX and sAVAX:
Exchanged QI will be used to incentivize sAVAX & AVAX liquidity on Platypus via Echidna.
On top of that, 10% of QI emissions will also be redirected from Platypus to Echidna's sAVAX & AVAX pools.
Bonus QI rewards will go live exclusively on Echidna starting November 7.
Stay tuned for more information