USDC
BENQI

USDC

BENQI / Core Markets
18.39%
APY
1W
1M
3M
1Y
Info
Utilization rate91.24%
Earn
USDC
AVAX
USDC+AVAX
TVL
$39.26M
Protocol
BENQI
BENQI
Network
Avalanche C
Avalanche C
PnL
1D
0.05%
1W
0.35%
1M
1.51%
1Y
18.39%
About
Crypto
USDC
USDC
Price
$1
Market cap
--
Contract
0xb97e...8a6e
Crypto
AVAX
AVAX
Price
$46.33
Market cap
$19.14B
Contract
--
FAQ
Benqi is a decentralized liquid staking protocol built on the Avalanche smart contract network. The Benqi Liquidity Market protocol enables users to lend, borrow, and earn interest with their digital assets.
QiToken is an interest-bearing token minted and burnt upon supply and withdrawal of assets on Compound market. It denotes the amount of crypto assets supplied and the yield earned on those assets. For example, when you deposit Dai, you will receive a certain amount of QiDai from Benqi. When you redeem it, these QiDai will be disposed correspondingly.
Your yield from Benqi is the interest paid by the borrowers.
Here's one main risk Benqi may have: Contract risk: Benqi smart contracts could be hacked, or bugs in contracts could be exploited. In such cases, your assets may be lost.
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