Ignite9000
Last updated
Last updated
Ignite9000 enables QI stakers to earn QI rewards by running automated Avalanche validators.
For users to begin earning QI rewards, BENQI abstracts all complexities of running a validator, including hardware costs. Users can simply stake QI and begin earning.
Ignite9000 is designed to simplify the process of earning QI rewards by running Avalanche validators.
Users can simply stake their QI tokens, and on the backend, BENQI stakes AVAX with a third-party provider to run the validators. This ensures a seamless experience while supporting network decentralization.
How does this work?
Stake QI: Users need to stake QI tokens to participate in Ignite9000. For every QI token staked, users earn QI rewards.
Automated Validator Setup: BENQI allocates AVAX to run validators in collaboration with a third-party provider on the backend. All AVAX staked comes from BENQI's liquid staking pool, therefore earned AVAX goes back to the same pool.
Rewards: Users earn QI rewards for staking through Ignite9000. The AVAX rewards earned are returned to BENQI’s liquid staking pool, supporting overall ecosystem liquidity.
Earn QI Rewards: By staking QI tokens, users earn additional QI rewards over time.
Easy Validator Setup: Ignite9000 eliminates the need for technical expertise or manual management of validators, making it easy for anyone to participate in Avalanche’s PoS network.
Network Decentralization: Ignite9000 promotes decentralization by increasing the number of validators securing the Avalanche network.
No AVAX Management Required: While users earn rewards through QI staking, BENQI manages AVAX staked for validators entirely.
