We are excited to announce that Chaos Labs is collaborating with Benqi to support Liquid Staking on the Avalanche network. Benqi is one of the most prominent lending protocols on Avalanche and has become the primary provider of liquid staking on the network. As demand for liquid staking has grown, the Benqi team has required more tooling to understand the state and health of the protocol, while communicating that to its user base.
Over the last few months, the Chaos team has built an analytics stack to power the Benqi Liquid Staking dashboard using on-chain data and Chaos Labs platform insights. v0 of the dashboard is publicly available today at https://benqi.chaoslabs.xyz/analytics/Benqi-Liquid-Staking and includes:
Liquid Staking Overview
- AVAX Staked on P-Chain
- Number of stakers (total + time-series)
- Total % of AVAX locked
- Number of Validators
- Total Capacity
- Average Uptime
- Number of delegations
- Total delegated + delegation distribution
⏭️ What's next?
Of course, this is just the start! As Benqi moves closer to the veQi launch, we’ll have a lot more updates 🙂
We hope the Benqi Liquid staking dashboard will be impactful for the community and continue to drive growth in the staking and security of the Avalanche blockchain!
If you have any feedback or questions on this tool, especially regarding metrics you think would be valuable to include, please let us know at firstname.lastname@example.org.