Overview

BENQI is a leading suite of DeFi protocols built on Avalanche, becoming the ecosystem's top application by TVL through its deeply integrated, liquidity-rich products spanning liquid staking, lending markets, validator infrastructure, and capital-efficient node operations. Its liquid staking solution tokenizes staked AVAX into sAVAX, enabling users to earn staking rewards while utilizing their assets across the broader DeFi ecosystem without sacrificing liquidity. BENQI Markets supports both core and isolated lending and borrowing markets, allowing users to supply assets, earn yield, or access collateralized loans with advanced risk management for long-tail and RWA assets. The Ignite platform simplifies the deployment and operation of Avalanche validators and Subnets, offering low-cost, no-technical-requirement solutions, while the Pay-As-You-Go feature allows users to run validators with no upfront AVAX by paying weekly fees. BENQI further acts as a liquidity hub for the Avalanche ecosystem, empowering developers to build on its lending pools and liquid staking infrastructure, and continues to expand with innovations in RWA lending, swap integrations, and governance enhancements through BENQI Miles.

Whitepaper & Documents