Avalanche-based Liquidity Protocol BENQI Launches $veQI, Representing Users' Voting Power for $AVAX Delegations

Avalanche-based liquid staking and liquidity market protocol BENQI announced the launch of $veQI, which is a representation of a user's voting power for $AVAX delegations through BENQI Liquid Staking (BLS). $veQI holders can allocate $AVAX delegations from BLS to their Avalanche validator of choice by voting for it. $veQI is obtained through staking $QI on BLS, and it accrues linearly over time to a maximum of 100 times the $QI staked.