BENQI is a liquidity market protocol on Avalanche that combines elements of DeFi and traditional finance to put idle assets to work. Users can lock assets into the BENQI protocol to earn interest or obtain over‑collateralized loans, and locked assets can be tokenized into yield‑bearing tokens or re‑deployed into other DeFi protocols to generate additional yield. Governance of the protocol is managed by holders of the native QI token, with 50% of QI allocated to liquidity mining to reward participants. The BENQI mainnet launch was scheduled for Q2 2021 and a public sale of the QI token was planned on the Pangolin exchange. The team intends for BENQI to evolve into a cross‑chain DeFi hub that will bridge Ethereum, Polkadot, and Binance Smart Chain via Avalanche subnets.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2021