QI

BENQI is a decentralized non-custodial liquidity market protocol on Avalanche. It scales DeFi with a suite of yield-generating products. The platform offers a lending marketplace and is developing Liquid Staking. Users can borrow and lend tokens, participate in network governance and stake.

QI is the native token of BENQI and has the following functions:
Governance: QI token holders will be able to participate in the governance of the protocol. Through governance, users have the ability to influence all aspects of BENQI's subsequent products and primitives.
Liquidity mining: Users can stake in the liquidity pool on DEX (ie pangolin) or the QI token pool in the BENQI protocol. In return for providing liquidity, users will be rewarded with QI and other tokens.
Staking: Users will be able to stake QI in security modules and earn a portion of the protocol reserve to protect the protocol from shortage events.

BENQI consists of the following main components:
Lending Marketplace: Enables users to borrow and earn interest on their digital assets. Depositors who provide liquidity to the protocol can earn passive income, while borrowers can borrow loans by overcollateralizing the backing assets on the protocol.
Liquid Staking: Users will be able to stake their AVAX tokens on the EVM-compatible Avalanche C chain. The protocol also tokenizes staked assets, which makes staked assets composable and provides users with more opportunities to unlock capital for use in the DeFi space.
The project raised a total of $99,300 from 4 rounds of token sales, where 5.93%, 12.07%, 6.10%, and 0.90% of the total QI token supply were distributed at $0.0030, $0.0055, $0.0075, and $0.0090/QI price for sale.