dappOS Partners With BENQI To Build Next Gen UX For DeFi Liquidity Markets
Democratizing access to decentralized financial products
DappOS announced today that it has partnered with Avalanche DeFi protocol BENQI to build a next gen UX on the DappOS Web3 operating system, lowering barriers to entry for investors to access BENQI’s liquid staking and permissionless lending and borrowing market.
BENQI is a DeFi protocol on Avalanche consisting of Liquid Staking and a Liquidity Market. This suite of DeFi products allows users to easily unlock liquidity on their assets including BTC, ETH, AVAX and popular stablecoins such as BUSD, USDt, and USDC. By launching on Avalanche, BENQI offers users the chance to experience DeFi on a network that’s both extremely scalable and decentralized.
dappOS improves Web3 experience by making dApps as user-friendly as mobile apps, overcoming typical barriers for average users such as Web3 wallet setup, gas token purchase and bridge tokens from one blockchain to another. dappOS will help BENQI provide users with a more convenient and safer experience while bridging to the BSC chain in addition to ETH.
“BENQI’s mission is exactly the kind of mission DappOS was founded to support,” said dappOS Ecosystem Head, Darren Mayberry. “While BENQI increases speed for liquidity providers and lowers costs for borrowers, DappOS simplifies the procedures and makes DeFi seamless and intuitive across chains. Together, we can realize the promise of Web3 for truly democratic decentralized finance.”
dappOS takes care of the complicated parts behind the scenes. With its solution, the workflow on dApps can be significantly simplified, and the same seamless experience can be provided to users from different chains. For example, an a-chain user can use b-chain dApps through the same user interface as a-chain. In this way, dApps can be used across chains seamlessly, without incurring unique gas fees on each chain.
“This is the level of simplification that will be essential to accelerate Web3 from millions of users to billions,” said Mayberry. “Our cooperation with BENQI will help to bring a dramatically more convenient trading experience to Web3 DeFi users. By reducing the operational steps and simplifying the process, we’ll lower the threshold of use, and scale up growth not only for BENQI, but for Web3 itself.”
We encourage our communities to try out the pilot version of Benqi platform powered by dappOS technology by visiting：BENQI (dappos.finance). Enjoy the frictionless user experience and if you need any additional support, please reach out to dappOS team.
About dappOS
dappOS is an operating protocol designed to make dApps as user-friendly as mobile Apps. As the first Web3 unified operating protocol, it builds a layer between users and crypto infrastructures like public blockchains and cross-chain bridges, allowing users to simply interact with dappOS to complete verification and execution in the decentralized world. In November 2022, dappOS was selected to join Season 5 of the Binance Labs Incubation Program.
Twitter: https://twitter.com/dappOS_com
Telegram: https://t.me/DapposOfficial
Discord: https://discord.gg/sEtcYb9FgT
About BENQI
BENQI is a Decentralized Finance (DeFi) liquidity market protocol, built on Avalanche, consisting of the BENQI Liquidity Market (BLM) and BENQI Liquid Staking (BLS). The BENQI Liquidity Market (BLM) protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol earn yield, while borrowers are able to borrow in an over-collateralized manner. The BENQI Liquid Staking (BLS) protocol is a liquid staking solution that tokenizes staked AVAX to grant users the ability to utilize the yield-bearing asset within Decentralized Finance applications.
Twitter: https://twitter.com/BenqiFinance
Telegram: https://t.me/BENQIFinance
Discord: https://discord.gg/kNfnqcgj2H
