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BENQI
BENQI is a DeFi Hub on the Avalanche blockchain that provides services for lending, borrowing, and liquid staking. It also offers a service called Ignite to help users bootstrap their own Avalanche validators.
Distributed
Description
BENQI is an Avalanche DeFi Hub for Lending & Borrowing, Liquid Staking, and bootstrapping validators for Avalanche. The platform allows users to lend, borrow, and earn interest and rewards on their crypto assets. Through its Liquid Staking protocol, users can stake AVAX to receive sAVAX, a token that accrues value and can be used across other DeFi protocols. BENQI Ignite helps users start their own Avalanche validator by renting AVAX or staking AVAX and QI. Additionally, the Node Voting feature allows users to earn AVAX rewards by using QI Miles to vote for their validator.Grant Funding
VC Funding
None
2021
$0
$6M