TheCryptoNews.eu
News

Decentralized Liquidity Underwriter KUU Partners with BENQI to Scale DeFi on Avalanche

Decentralized Liquidity Underwriter KUU Partners with BENQI to Scale DeFi on Avalanche

KUU has entered a collaborative partnership with Benqi.

KUU has presented a partnership with BENQI.

KUU and BENQI Be half of Forces

Avalanche-primarily based lending and borrowing protocol BENQI, and KUU, a decentralized liquidity underwriter for the Avalanche DeFi ecosystem, receive presented a partnership to bolster BENQI’s on-chain liquidations. Additionally, KUU shall be hanging its under-utilized resources into BENQI to receive yield and maximize profitability.

KUU provides reinforcing liquidity by offering flash loans the utilization of pooled liquidity on the protocol. Its name is derived from “Kuutar,” who is the Goddess of the moon in Finnish mythology.

The decentralized liquidity underwriter permits on-chain keepers to efficiently use on-chain profits and arbitrage opportunities thru lending and borrowing market liquidations.

Within the match of a market-wide flash atomize, BENQI would require a immense amount of capital to liquidate the under-collateralized loans. Instantaneous get entry to to KUU’s liquidity swimming pools by task of flash loans will get particular the repairs of liquidations, strengthening the BENQI protocol’s safety and market efficiency.

“We are very inflamed for our partnership with BENQI, and assume that collectively we are in a position to assist speed DeFi task on Avalanche. There shall be a flash-loan price for having access to the KUU liquidity pool, the vast majority of which is able to be directed towards the liquidity suppliers and the KUU Treasury. Further, thru KUU’s maintain interior bot, contributors to the KUU liquidity pool are ready to eradicate fragment in on-chain actions without operating their very maintain infrastructure, lowering the barrier of entry.” mentioned KUU co-founder Tommy Ngo.

KUU is a decentralized protocol designed to create reinforcing liquidity to on-chain keepers to maximize on-chain earnings thru liquidations, DEX arbitrage and other on-chain opportunities. As a communal pool, KUU permits users to pool capital into desirable contracts to collectively earnings from on-chain arbitrage and liquidation opportunities. Capital staked in these swimming pools is historical to extract on-chain earnings opportunities presented by any DeFi protocol on Avalanche.

Built on Avalanche’s highly scalable community, BENQI is an algorithmic lending and borrowing protocol. Via BENQI, Avalanche users shall be ready to create interest on their resources, execute credit thru over-collateralized loans and create QI governance tokens as rewards for offering liquidity on the protocol and Pangolin.

The info on or accessed thru this web page online is obtained from self reliant sources we assume to be lawful and legitimate, but Decentral Media, Inc. makes no representation or guarantee as to the timeliness, completeness, or accuracy of any knowledge on or accessed thru this web page online. Decentral Media, Inc. is now not an investment advisor. We attain now not give personalized investment recommendation or other financial recommendation. The info on this web page online is field to alternate without survey. Some or all the data on this web page online would perhaps well change into out of date, or it’ll also very neatly be or change into incomplete or mistaken. Lets, but are now not obligated to, update any out of date, incomplete, or mistaken knowledge.

You must well receive to silent never get an investment resolution on an ICO, IEO, or other investment primarily based on the data on this web page online, and likewise you’re going to receive to silent never elaborate or in another case depend on any of the data on this web page online as investment recommendation. We strongly counsel that you search the recommendation of a certified investment advisor or other certified financial professional whenever you happen to would perhaps even very neatly be wanting for investment recommendation on an ICO, IEO, or other investment. We attain now not settle for compensation in any fabricate for inspecting or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

Community Gaming Receives $2.3M in Seed Funding, Led by CoinFund, to B…

Community Gaming has raised a seven-figure sum in a seed funding round. Community Gaming Closes Seed Funding Spherical Community Gaming, a gaming startup working to automate the organization and payouts…

Efficient Market Hypothesis: Does Crypto Practice?

The Efficient Market Hypothesis (EMH) is a thought in financial economics which states that safety costs reflect your total readily available knowledge about a financial instrument. EMH is without doubt one of the most…

Public Mint Partners with Abra to Tap Further Supply of Yield for E…

Public Mint has joined forces with Abra. Public Mint and Abra Start Partnership Public Mint, the fiat-primarily based blockchain and funds infrastructure, has partnered with Abra, a number one wealth administration platform…

Crypto App StormX to Sponsor Portland Path Blazers

Portland Path Blazers, a number one NBA personnel, has presented a partnership with crypto cashback app StormX.  StormX Pronounces NBA Partnership StormX is partnering with Portland Path Blazers, it changed into presented…

Related posts

Goldman Sachs Registers Proxy Bitcoin Investment Product

CryptoDesk

Financial institution of Ghana Goals to Bolster Economic system with CBDC Pilot

The Crypto News

CLVA Token Holders are Getting Rich Without Lifting a Finger

CryptoDesk

Leave a Comment

Or Login with

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More