Benqi

Overview

Benqi is an Avalanche-native lending and borrowing protocol. Users can supply crypto assets to earn interest, borrow against collateral, and liquid-stake AVAX via sAVAX. Built specifically for C-Chain, it takes advantage of low fees and fast finality.

Features

• Lending Markets: Supply crypto assets to earn variable interest.
• Borrowing: Borrow against supplied collateral at competitive rates.
• Safety Module: QI stakers backstop the protocol against shortfall events.
• Liquid Staking: Stake AVAX and receive sAVAX, keeping your liquidity available.
• Governance: Protocol decisions are voted on by QI token holders.
• Flash Loans: Uncollateralized loans for arbitrage or liquidations within a single transaction.

Getting Started

1. Access Platform: Visit Benqi.
2. Connect Wallet: Connect your Web3 wallet with AVAX for transactions.
3. Supply Assets:
   • Deposit supported assets to earn interest
   • Use deposits as collateral for borrowing
4. Manage Positions: Monitor health factors and adjust positions as needed.

Documentation

For protocol documentation and guides, visit the Benqi Documentation.

Use Cases

• Passive Income: Earn interest by supplying assets to lending markets.
• Leveraged Trading: Borrow against collateral to increase exposure.
• Liquid Staking: Stake AVAX via sAVAX without locking up liquidity.
• Flash Loans: Execute arbitrage or liquidation strategies in one transaction.
• Treasury Management: Put idle crypto assets to work earning yield.