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The SPX index is up 0.04%, the market's surge is attributed to optimism that the Federal Reserve can manage inflation without significantly impacting the economy. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 2.14% and 0.67% respectively in the past 24 hours.
Today’s outperformer is QI, which jumped 21.8% achieves over $500 Million TVL and launches 2x APR staking multiplier in $QI/$AVAX liquidity pool.
Benqi Finance (QI), launched in March 2021, is a DeFi platform on the Avalanche blockchain, offering high-yield savings, lending, and a decentralized exchange (DEX) for trading. It features instant borrowing, automated liquidations, and a unique liquidity model combining an automated market maker (AMM) and an order book for efficient trading. QI's user-friendly and permissionless environment positions it for growth in the DeFi sector. BENQI has shifted its farm rewards to the $QI/$AVAX Liquidity Pool on Trader Joe and exceeded its yearly target by surpassing $500 Million in TVL Staking. To celebrate, they've launched a 2x APR staking multiplier for QI stakers.
Check Out the Latest Prices, Charts, and Data of QIUSDT Perp!
Mantle Network, an Ethereum Layer 2 solution, is rolling out a program specially crafted for rewarding early Mantle Staked ETH users. They are doubling the APY of staked ETH on Mantle Network, providing a yield of over 7%. This program will last at least 2 months and is funded by Mantle Network’s treasury. Recently, they have also successfully integrated $wstETH following a proposal approved by the LIDO community. This integration recognizes the $wstETH token bridging endpoints for Mantle by the Lido DAO as canonical. Additionally, the Lido DAO will control the endpoints of the $wstETH token contract, including the contract on Mantle, as a proxy admin.