BENQI

BENQI

Created using Figma
Created using Figma
BENQI is a decentralized non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.
DeFi
Apr 28, 2021
May 28, 2021
100% completed
Raised funds - no Data
past
Additional Details
Whitelist
Yes ,
Categories
Platform

About BENQI

Decentralized Finance (DeFi) has grown substantially in the last 2 years. As most of DeFi's activity is currently conducted on Ethereum, the network has started to experience congestion problems that have resulted in high network fees. This has proven to be a significant barrier for both old and new users with smaller capital to justify engaging in DeFi.

BENQI aims to alleviate these problems by providing a Liquidity Market Protocol on a highly scalable and decentralized platform. With a focus on approachability, ease of use, and low fees, BENQI will democratize access to decentralized financial products by providing permissionless lending and borrowing where users can:

  1. Instantly supply to and withdraw liquidity from a shared liquidity market

  2. Instantly borrow from a liquidity market using their supplied assets as collateral

  3. Have a live and transparent view of interest rates around the clock based on the asset's market supply and demand

Activity

Followers:
8 586
HIGH
Tweets:
137
MEDIUM
30 Days Growth:
129
Members:
4 982
MEDIUM
30 Days Growth:
-250
Alexa

Rank:
254 415
HIGH
Delta:
0

BENQI Last News

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