QI BENQI Rank #1183 $0.0011 ▼ 3.58%

BENQI is a decentralized, non-custodial liquidity market protocol operating on the Avalanche blockchain. The platform allows users to lend, borrow, and earn interest on their digital assets without relying on a centralized intermediary. Depositors who supply liquidity to the protocol can generate passive income through the interest paid by borrowers, while borrowers gain access to funds by locking up collateral in an over-collateralized model designed to protect the solvency of the system. In addition to its core lending and borrowing functions, BENQI extends its DeFi offerings through a liquid staking service, which lets users stake AVAX while receiving a tradable representation of their staked position. The QI token serves as the governance and utility asset of the protocol, giving holders a say in decisions that shape the platform's direction. The project sits within the broader Avalanche ecosystem and is associated with categories such as DeFi, yield farming, and liquid staking, reflecting its role as a multi-purpose financial primitive on the network.