What’s BENQI?BENQI is a decentralized non-custodial liquidity market protocol built on the high-speed Avalanche smart contract network. The protocol allows users to lend, borrow, or earn interest using their digital assets. BENQI Unique Features
Send and receive interest: Users deposit tokens into the BenQi platform and then receive interest.
Get a loan
Before borrowing, users are required to deposit any property as collateral. Then, go to the “Borrow” section and click “Borrow” to borrow the property. Set the desired amount to be borrowed based on the user’s available deposit to be used as collateral for the loan. Choose a “stable” or “variable” rate and confirm your transaction. Rates may be changed at a later time.
Liquidation occurs when a borr