About BENQI

BENQI is a decentralized, non-custodial liquidity market protocol built on Avalanche. It allows users to easily lend, borrow, and earn interest on digital assets. Liquidity providers can generate passive income, while borrowers can access over-collateralized loans. BENQI aims to solve existing problems by offering a highly scalable, decentralized platform focused on user-friendliness, low fees, and open access to decentralized financial services. Users can instantly deposit and withdraw assets, borrow against their collateral, and view real-time interest rates determined by supply and demand. To engage with the protocol, users deposit accepted assets, earning interest based on market demand, and can utilize their deposits as collateral for borrowing other assets. Deposited funds are manage...