BENQI (QI)
| Market Cap | $23,953,216 |
|---|---|
| Trading Volume | $8,750,076 |
| Volume / Market Cap | 0.3653 |
| Total Supply | 7,200,000,000 QI |
| Max Supply | 7,200,000,000 QI |
BENQI is currently trading at $0.007368, after a price change of -3.75% in the last 24 hours.
Ranked as cryptocurrency #514 by capitalization today, QI market cap is valued at $23,953,216. QI trading volume reached $8,750,076 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on QI coin price prediction page.
What is BENQI?
BENQI is a decentralized finance protocol based on Avalanche for lending and borrowing digital assets. The platform enables depositors to offer liquidity for passive returns while allowing borrowers to access overcollateralized funds via BENQI Liquidity Market.
BENQI Liquid Staking allows users to stake AVAX tokens on Avalanche C-Chain instead of Avalanche P-Chain, thus enabling users to earn validating rewards without the need to run a full node or lock AVAX on the validator nodes. BENQI Liquid Staking allows for the tokenization of AVAX to enable users to access yield-generating assets in the decentralized finance applications.
BENQI’s liquid staking is based on Avalanche’s proof-of-stake consensus. Liquid staking is a solution that frees the locked capital for enhanced efficiency. The process is completed by tokenizing the staked AVAX into sAVAX. By doing so, users can access their assets in DeFi while still earning passive returns from Avalanche staking.
QI is the native token powering BENQI and is based on Avalanche. There are 325,692,000 circulating QI tokens from a total supply of 7.2 billion and a matching hard cap. The tokenomomics of BENQI allocates 45% of the initial token supply to the Liquidity Mining Program, 25% to tokens sale, 15% for the treasury, 10% for the team, and 5% for exchange liquidity. The token serves governance processes and is required in the decision-making on proposals through BENQI Improvement Proposals.