April 27, 2021 – New York, USA
BENQI, an algorithmic liquidity protocol on Avalanche, is proud to announce the raising of $6 million in funding from external investors and advisors. Thanks to this funding round, the lending and borrowing protocol on Avalanche will continue developing its services and features.
The BENQI team successfully completed a $6 million funding round from various external investors and advisors, led by Ascensive. Participants include Dragonfly Capital, Arrington XRP Capital, Mechanism Capital, Spartan Group, Rarestone, Woodstock, Ava Labs, MarketAcross, Morningstar Ventures and many other reputable industry names.
The team’s vision of launching a lending and borrowing protocol to service Avalanche users and bridging it to other blockchains will bring more prominent attention to the decentralized finance space.
Founded by a group of early blockchain adopters and DeFi natives, the BENQI team