BENQI is a decentralized finance protocol that operates on the Avalanche network, enabling users to lend and borrow assets.

What are the technical characteristics of BENQI?

BENQI features a public, open-source codebase, which enhances transparency and security. It undergoes rigorous audits to mitigate risks.

How can I verify BENQI before acquiring it?

Verify the asset name, network, and any supplied contract details before transferring. Ensure you are using the correct contract address.

Where can I find official resources for BENQI?

Official resources for BENQI can be found on its website at https://benqi.fi/ and its documentation at https://docs.benqi.fi/.

BENQI (QI)

Rank #958

Market snapshot

Price: $0.00130951
Market cap: $9.4M
24h volume: $617,319.94
Circulating supply: 7,200,000,000
Total supply: 7,200,000,000
Max supply: 7,200,000,000

What is BENQI?

BENQI is a decentralized finance protocol that facilitates lending and borrowing on the Avalanche network. Users can deposit assets to earn yield or borrow funds by providing collateral. The protocol aims to streamline the process of accessing liquidity in a secure manner.

Key information

Symbol: QI
CMC rank: #958
Network / platforms: Avalanche, Avalanche C-Chain
Categories: N/A
Date added: Apr 19, 2021

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Avalanche
0x8729438EB15e2C8B576fCc6AeCdA6A148776C0F5
Avalanche C-Chain
0x8729438EB15e2C8B576fCc6AeCdA6A148776C0F5

Key characteristics

BENQI features a public, open-source codebase, which enhances transparency and security. The protocol is designed to minimize risks through rigorous audits. Users can earn yield by providing liquidity, and borrowers can access funds via over-collateralized loans.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is BENQI?: BENQI is a decentralized finance protocol that operates on the Avalanche network, enabling users to lend and borrow assets.
What are the technical characteristics of BENQI?: BENQI features a public, open-source codebase, which enhances transparency and security. It undergoes rigorous audits to mitigate risks.
What are the risks associated with transferring BENQI?: Digital asset prices can be volatile. Users should verify the contract address and network before transferring assets, and understand that transfers may be irreversible.
How can I verify BENQI before acquiring it?: Verify the asset name, network, and any supplied contract details before transferring. Ensure you are using the correct contract address.
Where can I find official resources for BENQI?: Official resources for BENQI can be found on its website at https://benqi.fi/ and its documentation at https://docs.benqi.fi/.

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