What is BENQi?
BENQi is a decentralized non-custodial algorithmic liquidity market protocol on Avalanche blockchain network, allowing users to lend, borrow, and earn interest on their Avalanche C-Chain asset holdings. BENQi enables users to deposit assets to the lending pool, to be borrowed by other users, earning passive interest for enabling over-collateralized borrowing within the protocol. QI is the Avalanche native governance token for BENQi protocol, required to vote on BENQI Improvement Proposals (BIPs) as governed by the BENQi Decentralized Autonomous Organization (DAO). QI is also distributed as a yield farming rewards incentive for QI-AVAX Pangolin liquidity providers.
