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 * Introduction to BENQI
 * 🏛️BENQI Markets
   * Depositing
   * Borrowing
      * Health
      * Liquidations
   
   * Protocol Parameters
   * Markets App
 * 💧BENQI Liquid Staking
   * Overview
   * Staking & Unstaking
      * sAVAX
      * FAQs for sAVAX
   
   * veQI (vote-escrowed QI)
      * Delegation Strategy
      * veQI App
   
   * Liquid Staking App
 * 🔥Ignite
   * Introduction
   * Getting Started
   * Ignite App
 * 🪙Benqinomics
   * QI Token
      * Token Distribution
         * Liquidity and Community Incentives
         * Liquidity Provider Incentives
   
   * Governance
 * 📌RESOURCES
   * Github
   * Contracts
      * 🏦Markets
      * 💧Liquid Staking
      * 🔥Ignite
      * ⛓️Price Feeds (Chainlink)
   
   * Risks & Audits
   * Media Kit (Logos & Graphics)

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INTRODUCTION TO BENQI

WHAT IS BENQI?

BENQI is a suite of decentralized finance protocols built on Avalanche. It
consists of the BENQI Markets, BENQI Liquid Staking and Ignite.

BENQI Markets enables users to effortlessly lend, borrow, and earn interest with
their digital assets. Depositors providing liquidity to the protocol earn yield,
while borrowers are able to borrow in an over-collateralized manner.

It is permissionless to use and allows DeFi users to:

   

 * Instantly supply and withdraw liquidity from a shared liquidity market

   
   

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

   
   

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

   

BENQI Liquid Staking is an Avalanche liquid staking solution that tokenizes
staked AVAX. By tokenizing AVAX through liquid staking, users are given the
ability to use, swap or collateralize the yield-bearing asset within
Decentralized Finance applications.

It is a capital efficient staking product that allows Avalanche users to:

   

 * Freely transfer locked up capital (staked AVAX) staked in validators in
   securing the Avalanche network

   
   

 * Gain additional utility on their yield-generating asset by utilizing it
   within Decentralized Finance by trading it or using it as collateral

   
   

 * Seamlessly stake their AVAX on the Avalanche Contract Chain (C-Chain) with no
   tedious cross-chain transfers or server hosting

   

Ignite is a protocol designed to bootstrap Avalanche validators and Subnets —
designed for everyone, ranging from institutions to individual developers and
Web3 natives.

It is permissionless to use and allows builders and users to:

   

 * Launch Avalanche validators with minimal capital required

   
   

 * Affordably launch blockchains through Subnets to bootstrap the next big Web3
   idea

   

STORAGE OF FUNDS

Funds are administered by Smart Contracts.

RISKS

No protocol within the blockchain space can be considered entirely risk free.
The risks related to the protocol may potentially include Smart Contract risks
and Liquidation risks. The team has taken necessary steps to minimize these
risks as much as possible by undergoing audits and keeping the protocol public
and open sourced.

pageRisks & Audits



Last updated 1 month ago

On this page
 * What is BENQI?
 * Storage of funds
 * Risks