BENQI QI

1. Summary

Ranks

Liquidity

61

Developer

-

Social

90

Momentum (beta)

30

Stack Rank™

-

Price

$0.02 +3.6%

Market Cap

$75.41M (#472)

Supply

4.68B / 7.20B

Tags

Yield Farming DeFi Lending/Borrowing Avalanche Ecosystem Binance Launchpool Liquid Staking Governance Tokens DragonFly Capital Portfolio Spartan Group Portfolio

More Metrics

Price
52W High price	$0.03
52W High date	13th Mar 2024 (4 months ago)
All Time High (ATH) Date	24th Aug 2021 (2 years ago)
ATH Price	$0.39
% From ATH	-96.28%
All Time Low (ATL) Date	12th Oct 2023 (9 months ago)
ATL Price	$0.004738110000
% From ATL	209.31%

Supply & Trading Volume
Trading Volume (24h)	$3.71M
Total Supply	7.20B
Max Supply	7.20B
Circulating Supply	4.68B

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Description

BENQI is a decentralized non-custodial liquidity market protocol built on Avalanche. The protocol allows users to effortlessly lend, borrow, and earn interest with their digital assets. BENQI consists of two main protocols: BENQI Liquidity Market (BLM) and BENQI Liquid Staking (BLS).

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BENQI is a decentralized non-custodial liquidity market protocol built on Avalanche. The protocol allows users to effortlessly lend, borrow, and earn interest with their digital assets. BENQI consists of two main protocols: BENQI Liquidity Market (BLM) and BENQI Liquid Staking (BLS).

BENQI Liquidity Market (BLM)

BLM enables users to lend, borrow, and earn interest on their crypto assets without intermediaries. Depositors providing liquidity to the protocol earn passive income, while borrowers can borrow in an over-collateralized manner.

BENQI Liquid Staking (BLS)

BLS is a liquid staking solution that tokenizes staked AVAX to give users the ability to use the yield-bearing asset within Decentralized Finance applications. This feature provides additional utility to the user's yield-generating asset without the need for tedious cross-chain transfers or lock-up periods. Users can stake AVAX and receive sAVAX, which can be freely traded, swapped, or used as collateral within DeFi applications.

Key Features

BENQI aims to democratize access to financial products through a scalable, accessible, and permissionless platform, with a focus on usability and deep integrations within other DeFi platforms. BENQI markets are live and transparent, offering instant supply and withdrawal of liquidity and over-collateralized borrowing options. The protocol is designed to provide users with additional yield on their assets while offering seamless and secure staking options on the Avalanche network.

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