BENQI Intent Adapter is Now Live

Cross-Chain Staking Made Easy

After simplifying staking on chains like Ethereum, Arbitrum, Scroll, and Linea, we’re thrilled to announce the launch of the BENQI Intent Adapter–a tool that enables seamless cross-chain liquid staking on Avalanche!

Check it out here: BENQI Intent Adapter

You can also explore our Intents Adapter Store, which offers multiple adapters for staking and liquidity on DEXs!

Let’s talk about BENQI Liquid Staking first–

BENQI Liquid Staking is built on Avalanche, a Proof-of-Stake (PoS) network. Users can stake AVAX tokens on validator nodes to secure the network and generate returns. By tokenizing AVAX through liquid staking, users can use, swap, or collateralize the yield-bearing asset within Decentralized Finance applications.

This capital-efficient staking product allows Avalanche users to:

• Freely transfer locked-up capital (staked AVAX) within the Avalanche network.
• Gain additional utility on their yield-generating asset by using it within DeFi, trading, or using it as collateral.
• Seamlessly stake their AVAX on the Avalanche Contract Chain (C-Chain) without tedious cross-chain transfers or server hosting.

The sAVAX asset provides developers and users with numerous strategies and options to build upon.

This is what the current staking on BENQI looks like -

The pre-requisites are you have to be on Avalanche network, and you need AVAX tokens to participate in staking -

Very simple! Is it?

Yes, it is simple if you are already on Avalanche, holding AVAX. But what if you’re not?

Well, if you’re not, then simply go to a DEX and swap your assets for sAVAX.

Very simple! But is it?

The first hiccup is figuring out a path that is optimized for less slippage and swap fees.

But, if the holding is substantial, one can’t really go to a DEX to make the swap. So what does a user do if they’re holding, let’s say, USDT on Polygon?

It’s a whole drill…

• Swap USDT for USDC on Polygon
• Bridge USDC to Avalanche from Polygon
• Swap USDC for AVAX on Avalanche
• Stake AVAX on BENQI and get sAVAX

The drill is as annoying as a tongue twister, plus it costs so much money and time, and who has that to waste?

Hence, we introduced–

BENQI Intent Adapter

This Adapter enables you to come from any chain/token and begin your staking journey on Avalanche on a single interface.Yes, this is possible.

Various chain options including Ethereum, Polygon, Arbitrum, BSC, Linea, Base Scroll, and more are available.

Same is the case for tokens on each chain!

Start your staking journey now — https://benqi.routerintents.com/apps/benqi

The application simplifies everything for the user. Whether it’s staking AVAX on BENQI Avalanche contracts or doing a direct cross-chain swap, it will choose the best option.

Our intent application optimizes for the user’s returns for any given request.

Plus, you get the added benefit of Nitro carrots, thanks to Nitro being the underlying bridge.

Check out our Router Intent Adapter Store, a repository of open-source ‘Adapters’ that are smart contracts designed to execute user intents on the blockchain.

Developers can use these adapters to turn their existing dApps into cross-chain applications or to create new, seamless cross-chain dApps (including EVM and Cosmos-based chains).

Stay tuned for more adapters and reach out to us on our Discord channel to learn more.

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