Senior Coinbase Engineer Luke Youngblood joins the Benqi protocol as a strategic consultant
Senior Coinbase Engineer Luke Youngblood joins the Benqi protocol as a strategic consultant
New York, USA, September 17, 2021,
Benqi , the first and largest algorithmic liquidity market protocol on Avalanche, is pleased to announce the appointment of Luke Youngblood as a strategic advisor.
When he joined the Benqi Advisory Board, said Luke Youngblood: " I have been following Benqi for some time and it is great to see how you have achieved milestones that you have not heard before. Avalanches in general and Benqi in particular are well positioned to bring the technology that drives the traditional financial world. To be able to offer bridging of defi and institutional networks within a number of defi products. ”
As a leading software engineer at Coinbase, Youngblood leads the development of the new staking and governance products within the coin base cloud. Before he came to Coinbase in 2019, he was Principal Solution Architect on Amazon Web Services.
YOUNGBLOOD is known in the blockchain area that he has built up the staking infrastructure for the TEZOS network, which helped him to become the world's largest decentralized proof-of-stake-validator at the time. He also built the Harbinger price oracle and an algorithmic stable coin called Kolibri.
Benqi co-founder JD Gagnon said: " Luke is not only a visionary, but also has the success record of monitoring the successful implementation of large-scale projects inside and outside the blockchain ecosystem. I am sure that Luke's expertise and his network will be a great addition to Benqi ."
Since Benqi recently reached a delivery value of $ 2 billion, the recording of Youngblood comes at the ideal time to help the protocol to make new heights. Youngblood has a passion for decentralized finances and distributed systems and has spent a lot of time in the Avalanche Defi-Ecosystem, in which Benqi is at the forefront.
About Benqi
Building on the highly scalable network of Avalanche, Benqi aims to bridge decentralized financial (Defi) and institutional networks by building a series of defi products, starting with a credit protocol. Benqi can earn interest rates on their assets, receive loans from excessive loans and receive Qi-Governance tokens as a reward for the provision of liquidity in the protocol.Further information on BenQi can be found at: Benqi.fi
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Source: Crypto-news-flash.com
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