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BENQI

BENQI is a DeFi liquidity market protocol, built on Avalanche. The BENQI Protocol consists of the BENQI Liquidity Market (BLM) and the BENQI Liquid Staking (BLS) protocols. The BLM protocol enables users to lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol earn yield, while borrowers can borrow in an over-collateralized manner. The BLS protocol is a liquid staking solution that tokenizes staked AVAX to grant users the ability to use the yield-bearing asset within Decentralized Finance applications.

What is BENQI?

BENQI is a decentralized finance (DeFi) protocol built on the Avalanche blockchain, offering users scalable, accessible, and decentralized financial services. It comprises two main protocols: BENQI Liquid Staking (BLS) and BENQI Liquidity Market (BLM). BLS allows users to stake AVAX tokens and receive sAVAX, a tokenized version of staked AVAX, which can be utilized within various DeFi applications. BLM enables users to lend, borrow, and earn interest on their crypto assets in a non-custodial manner. (academy.binance.com)

How Does BENQI Work?

BENQI operates by allowing users to deposit their assets into a shared liquidity pool. These assets become available for others to borrow, with borrowers required to provide collateral exceeding the loan amount. This mechanism ensures the security and stability of the platform. Additionally, BENQI's Liquid Staking protocol tokenizes staked AVAX, enabling users to maintain liquidity while earning staking rewards. (academy.binance.com)

What Makes BENQI Unique?

BENQI distinguishes itself through its integration with the Avalanche network, offering high scalability and low transaction fees. Its Liquid Staking feature allows users to stake AVAX and receive sAVAX, which can be utilized across various DeFi platforms, enhancing liquidity and yield opportunities. Furthermore, BENQI's non-custodial approach ensures users retain control over their assets while participating in lending and borrowing activities. (academy.binance.com)

Who Are the Founders of BENQI?

BENQI was developed by Rome Blockchain Labs Inc., an incubator and software development firm specializing in decentralized finance. The co-founders include JD Gagnon, Hannu Kuusi, and Alexander Szul. JD Gagnon also serves as the Chief Strategy Officer of Etheralabs Inc. Hannu Kuusi has over 20 years of experience in the ICT sector and has been involved in cryptography since its early days. Alexander Szul manages the development of the BENQI liquidity marketplace platform. (binance.com)

Latest News

What Key Events Have There Been for BENQI?

Since its launch in 2021, BENQI has achieved several significant milestones, including strategic partnerships with Avalanche, Chainlink, and Kyber Network. These collaborations have enhanced BENQI's functionality and integration within the DeFi ecosystem. Additionally, BENQI has successfully launched its Liquid Staking and Liquidity Market protocols, providing users with comprehensive DeFi services. (hardhodl.com)

Project Announcements

BENQI continues to expand its ecosystem through ongoing development and partnerships. Recent updates include enhancements to the Liquid Staking protocol and the introduction of new assets to the Liquidity Market, aiming to provide users with more diverse and efficient DeFi solutions. (hardhodl.com)

Upcoming Events

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Projects Announcements

Where to Buy BENQI?

BENQI's native token, QI, can be traded on several centralized cryptocurrency exchanges, including Binance, MEXC, and KuCoin. The most active trading pair is QI/USDT on Binance, offering high liquidity and trading volume. (coingecko.com)

BENQI Price

Daily Trading Volume

As of July 4, 2025, the 24-hour trading volume for QI is approximately $2.13 million, indicating active market participation. (coinmarketcap.com)

All-Time High

QI reached an all-time high of $0.4081 on August 24, 2021. Comparatively, the current price is significantly lower, reflecting market fluctuations over time. (coinmarketcap.com)

All-Time Low

The all-time low for QI was $0.004738 on October 12, 2023. The current price shows a substantial increase from this low point. (coingecko.com)

Market Cap and Valuation

Market Cap

The current market capitalization of QI is approximately $41.05 million, ranking it at #568 among cryptocurrencies. (coinmarketcap.com)

Fully Diluted Valuation

The fully diluted valuation (FDV) of QI is around $42.41 million, considering the maximum supply of 7.2 billion QI tokens. (coinmarketcap.com)

BENQI Price Prediction

While specific price predictions for QI are speculative, factors influencing its price include market sentiment, adoption of the BENQI platform, and developments within the Avalanche ecosystem. Investors should conduct thorough research and consider market trends when evaluating QI's potential.

FAQ

What is the Purpose of BENQI?

How Can I Participate in BENQI's Ecosystem?

What Sets BENQI Apart from Competitors?

Is BENQI Secure?

What are the Risks Associated with BENQI?

Community Sentiment

6.59K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.