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View ChartBENQI (QI) is a decentralized finance (DeFi) protocol built on the Avalanche blockchain, specifically on the Avalanche C-Chain. It is a non-custodial lending and borrowing platform that also offers liquid staking, validator bootstrapping, and node voting services. BENQI has become the number one application on Avalanche by total value locked (TVL) and positions itself as the Avalanche DeFi Hub for liquid staking, lending and borrowing, and bootstrapping validators. The protocol enables users to lend, borrow, and earn interest on digital assets without intermediaries. Depositors providing liquidity may earn passive income, while borrowers can borrow in an over-collateralized manner. The QI token has a total supply of 7,200,000,000 tokens, with the majority distributed through liquidity mining programs. BENQI launched in 2021 and its QI token went live on Aug. 19, 2021.
BENQI was developed by Rome Blockchain Labs Inc., an incubator and software development firm specializing in decentralized finance. The company was established in Costa Mesa, California, by founders Dan Mgbor, Hannu Kuusi, and JD Gagnon. Dan Mgbor is listed as Co-Founder of BENQI, while Dexter Lee is also listed as a founder. Alexander Szul is one of the co-founders of Rome Blockchain Labs. BENQI was founded by an international team of software developers. The project launched in 2021 with $6 million in backing from strategic investors including Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rarestone Capital, Genblock Capital, and Moon Inc.
BENQI operates as a suite of DeFi protocols on Avalanche. The lending and borrowing component allows users to supply crypto assets to earn interest and QI rewards, or borrow against their portfolio in an over-collateralized manner without intermediaries. The liquid staking product lets users stake AVAX in exchange for sAVAX, a yield-bearing token that grows in value while remaining liquid and deployable throughout DeFi. Ignite enables fast deployment of Avalanche validators and Subnets, allowing users to run a validator for just 8 AVAX per week instead of locking 2,000 AVAX upfront. Node Voting allows users to receive AVAX delegations and rewards by voting with BENQI Miles for their own validator. The QI token controls the entire ecosystem, with holders able to vote on and participate in network improvements.
BENQI distinguishes itself as the leading DeFi application on Avalanche by TVL, offering a comprehensive one-stop shop for users to utilize and maximize their assets with low network fees and no hurdles. The protocol's liquid staking solution, sAVAX, provides a yield-bearing asset that can be used as collateral, in DEX pools, or across DeFi while still earning staking rewards. Ignite lowers the barrier to running an Avalanche validator from 2,000 AVAX to just 8 AVAX per week, democratizing access to validator participation. The protocol has received a CertiK rating of 4.3 and is backed by leading security firms, auditors, and custodians. BENQI also partnered with Avalanche to launch a $3 million Liquidity Mining initiative to accelerate DeFi growth. The founding team chose Avalanche for its high scalability, low fees, and compatibility with popular plugin wallets.
The QI token serves multiple functions within the BENQI ecosystem. It is used for governance, as only QI holders can vote on and participate in the improvement of the network. QI is distributed as rewards to users who supply crypto assets to the protocol. The token also controls the entire BENQI ecosystem, giving holders influence over the platform's direction. Beyond governance and rewards, BENQI's product suite allows users to lend, borrow, and earn interest on digital assets, stake AVAX for sAVAX, deploy Avalanche validators and Subnets through Ignite, and participate in node voting to receive AVAX delegations and rewards. Developers can use BENQI to create financial products using the protocol and governance tokens.
BENQI continues to expand its ecosystem through strategic partnerships and product development. The protocol offers four core products: BENQI Liquid Staking, BENQI Markets, Ignite, and Node Voting. sAVAX integration across DeFi enables broader utility for staked assets. BENQI and Avalanche launched a $3 million Liquidity Mining initiative to accelerate DeFi growth. The platform runs an educational series called Freshman Questions designed to make Avalanche and decentralized finance easier to understand for new users. The $QI Core Market wind-down has been completed, with the collateral factor for the paused market reduced to 0%. BENQI's lending and borrowing total supplied value stands at over $23 million. The protocol is backed by leading security firms, auditors, and custodians.
BENQI (QI) is not mined through traditional proof-of-work mechanisms. Instead, QI tokens are distributed as rewards through the protocol's liquidity mining program. Users can earn QI by supplying crypto assets to BENQI Markets, where depositors providing liquidity to the protocol may earn passive income in the form of interest and QI rewards. The majority of the total QI supply is planned to be distributed through the liquidity mining program by 2025. Additionally, users can participate in staking AVAX through BENQI Liquid Staking to receive sAVAX, which earns staking rewards while remaining liquid and deployable across DeFi. Node Voting allows users to earn AVAX rewards from delegation by voting with BENQI Miles.
Keeping your BENQI (QI) tokens safe requires following standard cryptocurrency security practices. Use a reputable non-custodial wallet that supports Avalanche C-Chain assets to maintain control over your private keys. Enable two-factor authentication on any exchange accounts and never share your private keys or seed phrases with anyone. Verify contract addresses before interacting with any DeFi protocol, and ensure you are using the official BENQI platform at benqi.fi. Since BENQI is a non-custodial protocol, users are responsible for their own asset security. Consider using hardware wallets for long-term storage of significant holdings. Stay informed about protocol updates and security audits, and be cautious of phishing attempts or unofficial links claiming to represent BENQI.
BENQI (QI) is listed on several major cryptocurrency exchanges and is available for trading on 136 to 137 active markets. For a secure and liquid trading experience, using a major regulated platform like BTCC is recommended.
Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
Deposit Funds: Deposit fiat currency via bank transfer, card, or third-party payment, or transfer USDT from an external wallet into your BTCC account.
Start Trading: Go to the trading page and search for the spot trading pair QI/USDT or the perpetual contract QIUSDT.
Place an Order: Enter the amount of QI you wish to purchase and submit the order. For contract trading, you can also choose to go short and adjust the leverage multiplier according to your strategy and risk tolerance.
Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
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Thank you for your interest in BTCC. Currently, spot and futures trading services for QI are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of BENQI (QI) is C$0.001962. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated QI to USD rate at the top of BTCC’s price page. In terms of market scope, BENQI records a 24h trading volume of C_24h.824447M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$14.248013M. Its current circulating supply stands at 7.2B out of a maximum supply cap of 7.2B.
The price volatility of BENQI (QI) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (7.2B) to max supply (7.2B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, BENQI (QI) hit an all-time high (ATH) of C$0.57144 on 2021-08-24 04:10, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at -- on 2021-08-19 03:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading QI futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C_24h.824447M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s QIUSDT perpetual contracts support two-way trading. If you anticipate a price decline for BENQI, simply log into your BTCC account with USDT margin available, navigate to the QIUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for QIUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.001962), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for QIUSDT with zero financial risk.
Trading BENQI (QI) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for QIUSDT, and review its live price (C$0.001962) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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