Introducing 🔥 Ignite 🔥– the new base layer protocol for decentralized staking, designed to reduce costs to run Avalanche validator nodes by up to 10x.
With Ignite, BENQI provides users all the necessary AVAX collateral required to start a validator node, reducing the cost to run a subnet. Simply stake QI as collateral and click to get started.
Who wins? 👇
1) 👩💻 Developers
Ignite drastically reduces costs for developers to access Avalanche's institutional-grade tooling. Building the next exciting #web3 game? Enter Ignite, save on the validator costs and focus on building what's important.
2) ⚙️ Stakers
More Stakers can afford to run Avalanche validators, earning rewards for securing the Avalanche network and its subnets. Thanks to Ignite, users can now become an #Avalanche validator with as little as 200 AVAX worth of collateral in QI and AVAX.
3) 🔺 Avalanche
As developers and stakers get onboarded, the #Avalanche network further decentralizes, igniting the adoption of subnets and the explosion of web3 activity.
Stay tuned as we post more Ignite information in the coming weeks. Announcement details 👇
https://benqifinance.medium.com/ignite-avalanche-validators-subnets-for-all-592d19b4aa94
