what's BENQI?
BENQI is a decentralized finance (DeFi) protocol built on the Avalanche blockchain, offering a suite of products including lending and borrowing markets, liquid staking, and validator bootstrapping tools. Users can supply assets to earn interest or borrow against collateral, with the protocol utilizing Avalanche's high throughput and low fees to enable efficient capital deployment. BENQI's lending markets support major assets like AVAX, USDC, and wrapped tokens, while its liquid staking derivative (sAVAX) allows stakers to earn rewards without locking funds, maintaining liquidity for further DeFi participation. The protocol's governance is handled through the QI token, which enables voting on proposals and incentivizes liquidity provision via mining programs. BENQI integrates deeply with the Avalanche ecosystem, serving as a core liquidity hub that connects lending, staking, and other DeFi primitives to foster composability and growth.
BENQI's QI token received a Binance Monitoring Tag on March 13, 2026, requiring a risk quiz.
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avalanche
Received a Monitoring Tag on Binance on March 13, 2026, indicating higher risk status and requiring users to pass a risk-awareness quiz every 90 days to trade the QI token.
$NXPC partners with BENQI Finance for DeFi entry, introducing staking capabilities on the platform.
Partnership with Anchorage enables offering of staked AVAX to institutional clients.
~$15M deposited in KeyringNetwork's zkVerified markets on Euler Finance where sAVAX serves as collateral, with markets currently filled to capacity.
KeyringNetwork adds sAVAX as collateral option on zkverified markets for borrowing and lending with competitive rates.
Liquidity migrates from S/JACK pool to JACK/sAVAX pool on LFJ to consolidate all trading activity in one location.
Platform experienced service outage or shutdown during a critical moment, causing user complaints about inability to access services when needed.
Ranks #3 among top weekly TVL movers, indicating significant capital inflow and protocol growth.
Achieves record-breaking growth over the past two months, with total liquid-staked AVAX (sAVAX) reaching all-time highs.
Integrates Chaos Price Oracles for enhanced price feed reliability and security.
$250K QI token airdrop launches on Kraken App, running until Sept 7.
New $22.5k monthly incentive campaign launches on Silo Avalanche, offering AVAX, xSILO, and QI rewards for sAVAX-AVAX deposits.
New veAERO custom relays launch with borrowing capabilities and automated voting features
sAVAX launches on Silo Avalanche with 95% maxLTV and 20x leverage capability.
New encrypted liquid staking feature enables yield generation while maintaining token privacy.
Records 241% increase in mindshare, ranking among top weekly gainers on Avalanche.
New integration with EnsoBuild enables direct loan repayment using any Avalanche C-Chain asset through the UI.
Three stablecoin yield farming options offer 8-11% APY, with YT-scUSD supporting yield looping through multiple protocols.
TVL reaches new ATH of $2.75M with highest stablecoin yields on Avalanche.
OpenOcean v4 enables continuous yield generation on limit sell orders through non-custodial trading.