DeFi
BENQI will be listed on Bitkub on June 7 — TradingView News
Coindar
Bitkub will list BENQI (QI) on June 7 at 06:00 UTC.
QA information
BENQI is a DeFi protocol developed on the Avalanche network, comprising two main components: BENQI Liquid Staking (BLS) and BENQI Liquidity Market (BLM). BLS provides a liquid staking solution for Avalanche, allowing users to earn returns on staked capital, while BLM facilitates a lending and borrowing environment for cryptoassets via smart contracts.
BENQI’s operational mechanism involves BLS, which allows users to stake with Avalanche validators and use staked assets without a lock-up period. BLM, meanwhile, functions as a lending and borrowing protocol on the Avalanche network, allowing users to lend, borrow, and earn interest on their crypto assets. The protocol is fully automated via smart contracts, calculating returns algorithmically based on supply and demand and enabling over-collateralized borrowing.
QI is the native token of BENQI, serving a dual role as a governance and utility token. It is essential for managing and voting on proposals within the BENQI DAO, influencing the direction of the protocol, including economic policies, security improvements and further development. Additionally, QI enables staking, earning delegation rewards, and provides enhanced functionality within the BENQI ecosystem.