BENQI is a new decentralized liquidity market and liquid staking protocol that operates on the Avalanche smart contract network. It allows users to lend, borrow, and potentially earn market yields using their digital assets. BENQI also 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 is a promising alternative to Ethereum that is potentially less expensive and faster.

BENQI is a platform that allows users to lend and borrow digital assets, potentially earning market yields. It also provides a solution for capital efficiency by enabling users to unlock their staked AVAX for use on decentralized financial protocols. Developers can create financial products using the protocol and governance tokens. BENQI aims to offer an alternative to Ethereum users that is potentially less expensive and faster, with the goal of easing the overloading of the Ethereum network. Additionally, BENQI's governance mechanism allows QI token holders to participate in the project's development, initiate proposals, and vote on issues.

BENQI is a DeFi Lending project on the Avalanche platform that offers users an easy and affordable way to access decentralized financial services. It allows users to move and place their unused assets on BENQI with no hurdles and low network fees. BENQI also provides developers with the option to create financial products using the protocol and governance tokens. Additionally, BENQI aims to ease the overloading of the Ethereum network by providing Ethereum users with a less expensive and faster alternative. Users can withdraw liquidity from the shared liquidity market, borrow from the liquidity market, and get a clear view of interest rates.