What is BENQI?

Symbol: QI · Market cap rank: #1110

Short answer

BENQI (QI) is a cryptocurrency currently ranked #1110 by market capitalisation.

Source: isthiscoinascam.com

Overview

BENQI is a decentralized liquidity market protocol established on the Avalanche blockchain. It allows users to lend, borrow, and earn interest using their digital assets.

The protocol operates as a non-custodial platform, where liquidity providers can generate passive income and borrowers engage in over-collateralized borrowing. The specific governance model and supply cap details are not mentioned in the provided description.

Scam-risk analysis

BENQI has a high score, indicating low scam risk based on the available data. Is BENQI a scam?

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