Rank: 539
920 Watchlists
DeFi
QI Price
Contracts/Explorers:
Avalanche C-Chain
Funds and Backers
Wallets
No wallets found yet
BENQI is a decentralized non-custodial liquidity market protocol on Avalanche, enabling users to lend, borrow, and earn interest with their assets.
ICO
28 Apr — 28 Apr 2021
Raised
$ 583.20K
Price:
$ 0.0085
ROI:
1.93x +92.7%
Platform:
N/A
ATH ROI:
46.34x +4,534%
BENQI is a decentralized non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.
BENQI aims to alleviate these problems by providing a Liquidity Market Protocol on a highly scalable and decentralized platform. With a focus on approachability, ease of use, and low fees, BENQI will democratize access to decentralized financial products by providing permissionless lending and borrowing where users can:
Using the protocol
Storage of funds
Risks
The QI token is an native asset on Avalanche and oversees the entire ecosystem of the BENQI protocol, including the Treasury, and future iterations of the protocol.
QI is required to vote and decide on the outcome of proposals through BENQI Improvement Proposals (BIPs). The protocol will initially be governed by the founding team, and will eventually transition to a Decentralized Autonomous Organization (DAO). As part of the DAO, holders of the QI token will be able to initiate proposals and vote on issues that will steer the direction of the protocol.
BENQI's current price is $ 0.0164, it has dropped -10.5% over the past 24 hours.
BENQI's All Time High (ATH) of $ 0.394 was reached on 24 Aug 2021, and is currently -95.8% down.
The current circulating supply of BENQI is 4.50 Billions tokens, and the maximum supply of BENQI is 7.20 Billions.
BENQI’s 24 hour trading volume is $ 5.10 Million.
BENQI's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 73.65 Million.
You can find more details about BENQI on its official website and on the block explorer.
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