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

On joining the BENQI advisory board, Luke Youngblood said,

“I have been following BENQI for a while now and it’s great to see them hit milestones previously unheard of. Avalanche and BENQI are both well-placed to help bring DeFi’s technology to the mainstream finance industry. I’m excited to be able to offer my experience and connections on their path to bridge DeFi and institutional networks within a suite of DeFi products.”
As a senior staff software engineer at Coinbase (NASDAQ:), Youngblood leads the development of the new staking and governance products within Coinbase Cloud. Before joining Coinbase, Youngblood was a principal solution architect for Amazon (NASDAQ:) Web Services.

Youngblood is well-known within the blockchain space for having built out the staking infrastructure for the Tezos network, which helped it become the world’s largest decentralized proof of stake validator at the time. Kolibri, an algorithmic stablecoin named Kolibri and the price-oracle Harbinger were also developed by Youngblood.

BENQI co-founder JD (NASDAQ:) Gagnon said,

“Beyond being a visionary, Luke has the track record of overseeing successful delivery of large scale projects both within and without the blockchain ecosystem. I’m sure Luke’s expertise and network will be a great addition to BENQI.”
With BENQI recently hitting $2 billion in supplied value, Youngblood’s addition comes at an ideal time to help the protocol grow to new heights. Youngblood has spent a lot of time in the Avalanche DeFi environment that BENQI leads. He is passionate about distributed finance and decentralized finance.

Continue reading on DailyCoin