About BENQI
QI is the governance token of Benqi, a DeFi protocol on Avalanche. Benqi features liquid staking support using tokenized staked AVAX. Benqi also features a liquidity market that allows users to lend and borrow tokens.
Trading Insights
Buyer Ratio
Traders
112
111.32%
Buyers
94
291.67%
Sellers
50
56.25%
Searched
127
Market Stats
Market Cap
£18.25M
11.06%
FDV
£18.25M
Circ. Supply
7.2B QI
Max Supply
7.2B QI
Total Supply
7.2B QI
Diluted Valuation
£18.29M
Performance
Popularity
#655
Dominance
0%
Volume (24H)
£8.23M
1,012.05%
Volume (7D)
£58.91M
Volume (30D)
£201.51M
All time high
£0.24
Price Change (1Y)
Not enough data
80.06%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of BENQI has decreased by 0.42% in the last hour and increased by 10.69% in the past 24 hours. BENQI’s price has also risen by 9.89% in the past week. The current price is £0.0025 per QI with a 24-hour trading volume of £8.23M. Currently, BENQI is valued at 98.96% below its all time high of £0.24. This all-time high was the highest price paid for BENQI since its launch.
The current circulating supply of BENQI is 7,200,000,000 QI which means that BENQI has as total market cap of £18,251,948.82.
Market details
QI vs markets
↘ 78.55%
QI vs BTC
↘ 78.25%
QI vs ETH
↘ 77.2%
Tags
defi
binance-launchpool
lending-borowing
spartan-group
+2
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x8729438EB15e2C8B576fCc6AeCdA6A148776C0F5 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0025 | |
1 Day | £0.0023 | |
1 Week | £0.0023 | |
1 Month | £0.0027 | |
1 Year | £0.0138 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
BENQI (QI) is a decentralized liquidity market and liquid staking protocol that operates on the Avalanche smart contract network. It provides a platform for users to lend, borrow, and potentially earn market yields using their digital assets. Additionally, BENQI aims to enhance capital efficiency by enabling users to unlock their staked AVAX for use on decentralized financial protocols. The protocol was developed by Rome Blockchain Labs Inc., a software development firm with a focus on decentralized finance (DeFi). BENQI was launched in 2021 and has been striving to provide an alternative to Ethereum users that is potentially less expensive and faster.
BENQI operates by providing a platform for users to lend and borrow digital assets. Users can supply liquidity to the shared market and borrow from it using their supplied assets as collateral. The protocol also offers a liquid staking solution that tokenizes staked AVAX, giving users the ability to use, swap, or collateralize the yield-bearing asset within decentralized finance applications. BENQI's interest rate models dynamically adjust the interest rates of each asset market depending on the utilization rate, with the aim of ensuring healthy levels of available liquidity. The protocol also includes a governance mechanism, where QI token holders can vote on proposals affecting the protocol's key parameters.
BENQI news
Trending articles
Social stats
Popularity in posts
#1974
Contributors
27
Posts
27
% About BENQI
0.011%
Articles
0
X (Twitter)
41.51% bullish
Sentiment
4.3 ★
Highlights
27 unique individuals are talking about BENQI and it is ranked #1,974 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, BENQI has an average sentiment score of 4.3 out of 5. Finally, BENQI is becoming less newsworthy, with 0 news articles published about BENQI.
On Twitter, people are mostly neutral about BENQI. There were 46.32% of tweets with bullish sentiment compared to 11.58% of tweets with a bearish sentiment about BENQI. 53.68% of tweets were neutral about BENQI. These sentiments are based on 106 tweets.
On Reddit, BENQI was mentioned in 5 Reddit posts and there were 6 comments about BENQI. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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