BENQI is a decentralized non-custodial liquidity market protocol built on the high-speed Avalanche smart contract network. Users can use their digital assets to lend, borrow, and earn interest. BENQI’s goal is to establish a cross-chain hub by connecting Ethereum, Polkadot, and Binance Smart Chain (BSC) via the Avalanche subnets.

BENQI was founded in 2021 with a $6 million seed capital investment. Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rhestone Capital, Genblock Capital, Moon Inc. are some of the company’s strategic investors.

QI is a native token of the BENQI ecosystem, operating on Avalanche Network according to ARC20 standard, and can be used to:

• To participate in project governance
• Reward Liquidity Providers and the Liquidity Mining program
• Deposit on the platform to receive interest or use as collateral