Senior Coinbase Engineer Luke Youngblood Joins BENQI Protocol as a Strategic Advisor

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Coinbase engineer Luke Youngblood will be a part of BENQI Protocol as a strategic advisor.

BENQI Enlists Coinbase Employees Member

BENQI, the primary and largest algorithmic liquidity market protocol on Avalanche, is delighted to announce the appointment of Luke Youngblood as a strategic advisor.

On becoming a member of the BENQI advisory board, Luke Youngblood mentioned:

“I’ve been following BENQI for some time now and it’s nice to see them hit milestones beforehand unprecedented. Avalanche generally, and BENQI particularly, is well-positioned to deliver the expertise that powers DeFi to the standard finance world. I’m excited to have the ability to provide my expertise and connections on their path to bridge DeFi and institutional networks inside a collection of DeFi merchandise.”

As a senior employees software program engineer at Coinbase, Youngblood leads the event of the brand new staking and governance merchandise inside Coinbase Cloud. Previous to becoming a member of Coinbase in 2019, he was a principal options architect at Amazon Internet Companies.

Youngblood is well-known throughout the blockchain house for having constructed out the staking infrastructure for the Tezos community, which helped it turn out to be the world’s largest decentralized Proof-of-Stake validator on the time. He has additionally constructed the value oracle Harbinger and an algorithmic stablecoin referred to as Kolibri.

BENQI co-founder JD Gagnon mentioned of the appointment:

“Past being a visionary, Luke has the observe file of overseeing profitable supply of large-scale tasks each inside and with out the blockchain ecosystem. I’m certain Luke’s experience and community will probably be a terrific addition to BENQI.”

With BENQI lately hitting $2 billion in equipped worth, Youngblood’s addition comes at a super time to assist the protocol develop to new heights. Youngblood is enthusiastic about decentralized finance and distributed methods, having spent appreciable time throughout the Avalanche DeFi ecosystem that BENQI is on the forefront of.

Constructed on Avalanche’s extremely scalable community, BENQI goals to bridge DeFi and institutional networks by constructing a collection of DeFi merchandise, beginning with a lending protocol. By way of BENQI, Avalanche customers will be capable to earn curiosity on their belongings, get hold of credit score by means of over-collateralized loans and earn QI governance tokens as rewards for offering liquidity on the protocol.

For extra details about the undertaking, please contact Dan Mgbor at [email protected] or go to the web site.

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