Built on the Avalanche network, @BENQI is a protocol designed to make DeFi more accessible and more efficient for everyday users. It focuses on two core products: BENQI Liquid Staking and the #BENQI Liquidity Market. With $QI holders, the @BenqiFinance community and the governance support coming from @DAO Labs , the ecosystem also connects naturally with #SocialMining participants.
The Liquid Staking product allows users to stake $AVAX and receive sAVAX in return. sAVAX grows in value over time as it accumulates staking rewards while staying usable across DeFi. This means you can help secure Avalanche without locking your assets away. You can place sAVAX into liquidity pools, use it as collateral or include it in broader yield strategies that keep your funds active 😊
On the Liquidity Market side, users can deposit supported assets to earn interest or borrow against what they have supplied. It’s a practical tool for anyone who wants liquidity without selling their portfolio, or who prefers to put idle assets to work.
BENQI’s impact on Avalanche shows itself in two main ways. First is capital efficiency. AVAX becomes more than a staked asset and can circulate through DeFi while still earning rewards. The second is governance. QI token holders have a voice in protocol parameters and help shape the system in a healthier way.
For users looking to earn yield, staking AVAX and receiving sAVAX is a solid first step. For those who need liquidity, the borrowing mechanisms offer flexibility without losing exposure. As with every DeFi protocol risks exist, but for active Avalanche users BENQI is a strong option for both participation and steady on-chain utility.
