BENQI

BENQI is a decentralized finance protocol built on Avalanche. It consists of the BENQI Liquidity Market (BLM) and BENQI Liquid Staking (BLS).

Enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol earn yield, while borrowers are able to borrow in an over-collateralized manner.

BLM is permissionless to use and allows DeFi users to:

Instantly supply to and withdraw liquidity from a shared liquidity market

Instantly borrow from a liquidity market using their supplied assets as collateral

Have a live and transparent view of interest rates around the clock based on the asset's market supply and demand

Avalanche liquid staking solution that tokenizes staked AVAX. By tokenizing AVAX through liquid staking, users are given the ability to use, swap or collateralize the yield-bearing asset within Decentralized Finance applications.

BLS is a capital efficient staking product that allows Avalanche users to:

Freely transfer locked up capital (staked AVAX) staked in validators in securing the Avalanche network

Gain additional utility on their yield-generating asset by utilizing it within Decentralized Finance by trading it or using it as collateral

Seamlessly stake their AVAX on the Avalanche Contract Chain (C-Chain) with no tedious cross-chain transfers or server hosting.