sAVAX
BENQI

sAVAX

BENQI / Core Markets
1.1%
APY
1W
1M
3M
1Y
Info
Utilization rate0.04%
Earn
sAVAX
sAVAX
QI
QI
AVAX
AVAX
TVL
$228.88M
Protocol
BENQI
BENQI
Network
Avalanche C
Avalanche C
PnL
1D
<0.01%
1W
0.02%
1M
0.09%
1Y
1.1%
About
Crypto
sAVAX
sAVAX
Price
$54.71
Market cap
$455.07M
Contract
0x2b2c...a4be
Crypto
QI
QI
Price
$0.01
Market cap
$98.18M
Contract
0x8729...c0f5
Crypto
AVAX
AVAX
Price
$46.45
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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