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:
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:
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: