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Average Ratings 0 Ratings
Description
Easily provide, borrow, and earn interest on your digital assets with BENQI. By staking AVAX on BENQI’s liquid staking protocol, you can engage in robust decentralized finance applications without restrictions. You can begin earning interest today by supplying any amount on our algorithmic liquidity market. The protocol is bolstered by ongoing audits and security protocols to ensure its integrity. BENQI operates as a Decentralized Finance (DeFi) liquidity market protocol, established on the Avalanche network. It comprises two main components: the BENQI Liquidity Market (BLM) and the BENQI Liquid Staking (BLS). The BLM allows users to seamlessly lend, borrow, and accumulate interest on their digital assets, where liquidity providers earn yields while borrowers secure loans through over-collateralization. Meanwhile, the BLS offers a liquid staking solution that converts staked AVAX into a usable asset, allowing users to maximize the benefits of their yield-generating investments while maintaining liquidity. Consequently, BENQI presents a comprehensive platform for both liquidity management and staking opportunities.
Description
A decentralized lending platform on the EOS blockchain enables users to function both as depositors and lenders simultaneously. In this model, depositors supply liquidity to generate passive income through interest, while borrowers have the flexibility to manage their loans without a predetermined timeframe. The interest rate curve is determined by the utilization rate, meaning that as this rate increases, the parameters governing the interest rate curve lead to a more rapid escalation of interest rates. Upon depositing, the system determines the price of pztoken to calculate the necessary amount needed; pztoken is designed to accrue interest over time, enhancing its value. These interest-bearing tokens can be transferred, traded, or used as collateral, granting their holders the right to redeem the initial deposited tokens. Additionally, the value of pztokens compounds every 15 minutes, ensuring that holders see a continuous growth in their asset. The health factor serves as an indicator of the safety of the debt position; if this factor dips below 1, the associated debt risks liquidation. This innovative approach encourages liquidity and offers diverse financial opportunities within the EOS ecosystem.
API Access
Has API
API Access
Has API
Integrations
Anchor Wallet
Avalanche
Base App
Bitcoin
Chainlink
Coin98
Core
Degis
Echidna Finance
Ethereum
Integrations
Anchor Wallet
Avalanche
Base App
Bitcoin
Chainlink
Coin98
Core
Degis
Echidna Finance
Ethereum
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
BENQI
Country
United States
Website
benqi.fi/
Vendor Details
Company Name
PIZZA.FINANCE
Website
pizza.finance/