𝐁𝐞𝐧𝐪𝐢 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 | 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐁𝐞𝐧𝐪𝐢

Benqi Finance is a decentralized finance (DeFi) protocol built on the Avalanche blockchain, designed to provide efficient and user-friendly services for liquidity provision, lending,

BENQI Liquid Staking

Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.

Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.