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BENQI QI $QI

Today’s recommentarion to keep an eye ono is BENQI.

Low market cap, great project, price will 🚀🚀 for sure 💯💯

Few interesting informations about $QI

BENQI (QI) is a decentralized finance (DeFi) protocol built on the Avalanche blockchain. Here are some interesting facts about BENQI crypto:

1. Focus on DeFi Lending and Borrowing: BENQI operates as a non-custodial liquidity market protocol, allowing users to lend, borrow, and earn interest on their crypto assets without intermediaries.

2. Built on Avalanche: BENQI leverages the high-speed, low-cost Avalanche blockchain, offering users fast transactions with minimal fees compared to Ethereum-based platforms.

3. Liquid Staking Protocol: BENQI introduced liquid staking through BENQI Liquid Staking (BLS). It allows Avalanche validators to stake AVAX while still earning yield and retaining liquidity via a derivative token (sAVAX).

4. QI Token Utility: The native token, QI, is used for governance, enabling holders to vote on protocol upgrades and proposals. It also plays a key role in incentivizing liquidity and usage on the platform.

5. Strong Ecosystem Partnerships: BENQI has formed strategic partnerships within the Avalanche ecosystem and beyond, including collaborations with major protocols like Aave, Chainlink, and Curve Finance.

6. Scalability and Security: By building on Avalanche, BENQI benefits from the network’s scalability and robust security mechanisms, which are essential for DeFi protocols.

7. Rapid Growth and Adoption: Since its launch, BENQI has seen substantial growth in its Total Value Locked (TVL), showcasing its popularity among DeFi enthusiasts.

8. Expansion Plans: The team aims to expand BENQI’s utility and integrate with other blockchain ecosystems to further enhance its services and user base.