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.

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