QI

BENQI is a non-custodial liquidity market protocol running on Avalanche. The BENQI protocol states that it was designed to address issues of high network fees that create a barrier of entry for people looking to enter the crypto trading market by offering a suite of DeFi protocols on a purportedly scalable and decentralized platform. The platform is powered by its native token QI, denominated by the $QI ticker.

The protocol enables users to contribute their assets to a shared pool, making them available for others to borrow. By supplying liquidity to the protocol, users can earn rewards, whereas borrowers can access funds by providing collateral exceeding the loan amount. #Q1