Benqi finance

BENQI Liquid Staking

• Decentralized Finance (DeFi) Protocol: Built on the Avalanche blockchain , Benqi offers DeFi functionalities like lending, borrowing, and staking .

• Suite of Products: Benqi consists of three main products:

  • BENQI Markets: Enables users to lend, borrow, and earn interest on various crypto assets .

  • BENQI Liquid Staking: Allows users to stake their AVAX (Avalanche's native token) and earn rewards while maintaining liquidity https://benqi.fi/.

  • Ignite: Provides tools for running Avalanche validators or subnets .

Key Features:

• Permissionless: Anyone can participate in Benqi's DeFi services without needing permission .
• Earning Potential: Lenders can earn interest by supplying assets, while borrowers can leverage their holdings.

• Liquid Staking: Unlocks the utility of staked AVAX for further DeFi activities .

• Security: Emphasizes security through features like smart contracts .

Current Status:

• Live Platform: Benqi is a functioning DeFi protocol with a user base and tradable token (QI) .

• Market Performance: The price of the QI token and Total Value Locked (TVL) in the protocol can fluctuate .

Further Exploration:

• Official Website: Learn more about Benqi, its features, and documentation on their website:

• CoinMarketCap: Track the live price and market performance of the QI token:

• DappRadar: Explore Benqi's usage statistics and TVL.

Remember: DeFi involves inherent risks. It's crucial to conduct your own research before using Benqi or any DeFi platform.