What is BENQI?

Symbol: QI · Market cap rank: #1168

Short answer

BENQI (QI) is a cryptocurrency currently ranked #1168 by market capitalisation.

Source: isthiscoinascam.com

Overview

BENQI is a decentralized liquidity market protocol founded on the Avalanche blockchain. It allows users to lend, borrow, and earn interest on digital assets in a non-custodial manner.

The protocol facilitates over-collateralized borrowing and offers depositors the opportunity to earn passive income by providing liquidity. Specific details regarding the founding year, supply cap, and governance model are not specified.

Scam-risk analysis

BENQI has a moderate score — some risk signals were raised but no critical concerns. Is BENQI a scam?

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