What is BENQI?

BENQI is a decentralized finance protocol built on avalanche. It consists of the BENQI Markets and BENQI Liquid Staking.

BENQI Liquid Staking is an Avalanche liquid staking solution that tokenizes staked AVAX. By tokenizing AVAX through liquid staking, users are given the ability to use, swap or collateralize the yield-bearing asset within Decentralized Finance applications. It is a capital efficient staking product that allows Avalanche users to: Freely transfer locked up capital (staked AVAX) staked in validators in securing the Avalanche network Gain additional utility on their yield-generating asset by utilizing it within Decentralized Finance by trading it or using it as collateral Seamlessly stake their AVAX on the Avalanche Contract Chain (C-Chain) with no tedious cross-chain transfers or server hosting.

GoGoPool: A Permissionless Staking Protocol for Subnets

GoGoPool allows Avalanche node operators to launch a validator node with a minimum of 1100 AVAX, while providing instant liquidity to stakers. As a permissionless protocol, any individual, business, or Subnet can use the protocol to stake or launch new validator nodes. Our mission is to make is as easy as possible to launch a Subnet. Our vision is to enable the Wordpress moment for web3 via open source tooling, strong community, and an open staking protocol.

Protocol Overview The GoGoPool protocol emphasizes trustlessness and peerlessness wherever possible, to maximize its decentralization, security, and scalability. There are 3 main components to the protocol: the users, community (tokenomics/DAO), and custom node software.

Node Operators Contribute their own hardware to the pool, and stake 1000 AVAX + minimum of 100 AVAX (in GGP tokens). Operators maintain their server infrastructure, and are matched with the other 1000 AVAX from a deposit pool of stakers.

Liquid Stakers Liquid Stakers are either individuals or users from an API integrated business (e.g. a wallet). Stakers deposit AVAX into the deposit pool, and receive ggAVAX which accrues value over time based on the performance of the protocol. The deposited AVAX is automatically matched to node operators for staking.

Tokenomics Primer There is much room for innovation in community-driven organizations, and GoGoPool plans to be on the forefront. We have two tokens: ggAVAX (liquid staking token described above), and GGP (protocol token used for DAO governance, rewards, insurance, and incentivizing long term behavior).

Question and Demands

Follow the following AVAX influencers and tune into what they are paying attention to! Choose a topic from one of the twitter threads below and create a dashboard covering the topic, protocol, project, etc that is featured in one of their tweets. Feel free to explore other influencers or topics in the ecosystem as well!

https://twitter.com/CaesarJulius0/status/1676969343241048064

https://twitter.com/Ommiii_/status/1674881097380016128

https://twitter.com/Ommiii_/status/1677058083108044801

https://twitter.com/demirelo

https://twitter.com/yieldyak_/status/1675831903998361600

Important:

Make the title of your dashboard relevant to the project or topic you are covering. Next, respond to one of the tweets in the twitter thread or one of the "quote tweeted" tweets with an insight or twitter thread from your dashboard that will strengthen the narrative they are sharing. There is no need to mention this is a MDAO challenge as a part of your tweet- keep it authentic and real!

Note If one of these CT Influencers releases a new twitter thread, feel free to cover a topic in that twitter thread. You cannot choose a tweet that references another Flipside dashboard.