BENQI is a decentralized, non-custodial liquidity market protocol on Avalanche. It expands DeFi through a suite of yield-generating products. The platform offers a lending market and is developing Liquid Staking. Users can borrow and lend tokens, participate in network governance, and stake.

QI is BENQIs native token, serving the following purposes:
Governance: QI token holders will be able to participate in the protocol’s governance. Through governance, users have the ability to influence various aspects of subsequent products and primitives under the BENQI umbrella.
Liquidity Mining: Users can stake QI tokens in liquidity pools on DEXs (such as Pangolin) or within QI token pools in the BENQI protocol. In return for providing liquidity, users receive QI and other token rewards.
Staking: Users will be able to stake QI in a security module and earn a portion of the protocol reserve, which protects the protocol against shortfall events.

BENQI consists of the following main components:
Lending Market: Enables users to lend and earn interest on their digital assets. Depositors who provide liquidity to the protocol can earn passive income, while borrowers can take out loans by overcollateralizing supported assets on the protocol.
Liquid Staking: Users will be able to stake their AVAX tokens on the Avalanche C-Chain, which is EVM-compatible. The protocol also tokenizes staked assets, making them composable and providing users with more opportunities to unlock capital for use in the DeFi space.
The project raised a total of $99,300 across four token sales, selling 5.93%, 12.07%, 6.10%, and 0.90% of the total QI token supply at prices of $0.0030, $0.0055, $0.0075, and $0.0090 per QI, respectively.