Benqi Lending (QI)

Total Value Locked$427.57m

Chain Breakdown
Avalanche	$427.57m

Include in TVL (optional)
Borrowed	$155.07m
Pool2	$247.3k

USD AVAX

Information

Protocol Information

BENQI is a non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets.

Category: Lending

Forked from:Compound V2

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Token Information

Address:avax:0x8...a14877

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Methodology

Same as compound, we just get all the collateral (not borrowed money) on the lending markets

Check the code

Competitors

AAVE V3 ($19.69b)AAVE V2 ($659.63m)TermFinance ($55.38m)Impermax Finance ($23.15m)Iron Bank ($17.82m)JustLend ($5.97b)Spark ($4.11b)Morpho Blue ($2.89b)Compound V3 ($2.09b)Kamino Lend ($1.8b)

Raises

Total raised: 9.8m
4/14/2021 : Raised $6m
4/28/2021 : Public token sale - Raised $3.8m