BENQI is a decentralised, non-custodial liquidity market and liquid staking protocol built on the Avalanche blockchain. It facilitates users in lending, borrowing, and earning interest using their digital assets.
BENQI works by operating on the Avalanche blockchain, employing a Proof-of-Stake (PoS) consensus mechanism known as Snowman++. It utilises smart contracts to offer its DeFi services, including lending, borrowing, and staking. Notably, BENQI's liquid staking protocol allows users to tokenize staked AVAX into sAVAX, maintaining liquidity while earning staking rewards.
Potential use cases for BENQI include:
BENQI was founded by JD Gagnon, Hannu Kuusi, and Alexander Szul and launched in March 2021. Initially focused on high-yield savings accounts, it expanded to include decentralized exchange and lending platforms. Over time, BENQI integrated further into the Avalanche ecosystem and introduced liquid staking, evolving its technology and expanding its market presence.
The BENQI price is $0.03528117 AUD, representing a +8.64% from the day prior.
The best place to buy BENQI (QI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell BENQI (QI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
The trading volume of BENQI (QI) is $18.8M AUD in the last 24hrs, representing a +8.64% from the day prior.
BENQI (QI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of BENQI (QI) is $181.0M AUD.
Yes - With Coinstash you can convert your BENQI (QI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of BENQI (QI) is 5.1B.
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling BENQI (QI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.