BENQI is a decentralized non-custodial liquidity market protocol that enables its users to easily lend, borrow, or earn interest with cryptocurrencies.
Built on Avalanche, this protocol gained lots of interest in the market. Depositors providing liquidity to the protocol can earn passive income, and borrowers can borrow in an over-collateralized manner.
Its native token, QI, oversees the entire BENQI ecosystem, including the Treasury, as well as future iterations of the protocol.
Only QI token holders will be able to vote and participate in BENQI Improvement Proposals (BIPs) discussions to decide the outcome.