What Is Benqi (QI) Tokenomics and Fundamentals ?

Benqi is a decentralized finance (DeFi) protocol built on the Avalanche blockchain, offering decentralized lending and borrowing services. Its native token, QI, plays a crucial role in the protocol's governance and utility.

Tokenomics:Total Supply: 7.2 billion QI tokens.Distribution: A portion is allocated for liquidity mining incentives, governance rewards, team allocation, and community growth initiatives.

Use Case: QI tokens are primarily used for governance, allowing holders to vote on protocol upgrades, and for providing liquidity and earning rewards within the platform.

Fundamentals:Benqi enhances DeFi by offering fast, low-cost transactions due to Avalanche's high scalability. It caters to users looking for decentralized financial solutions, including liquidity mining, lending, and borrowing, making it a vital part of Avalanche's DeFi ecosystem.