how much is qi - BENQI Price
About BENQI
What Is BENQI (QI) Crypto?
BENQI is a permissionless DeFi protocol on Avalanche offering the BENQI Liquidity Market (BLM) and BENQI Liquid Staking (BLS) applications. BLM lets users lend, borrow, and earn interest on their digital assets by providing liquidity to the protocol. BLS lets users borrow crypto assets from these liquidity pools in an over-collateralized manner.
BLS is a liquidity staking solution on the Avalanchenetwork where staked AVAX can be tokenised and used without locking liquidity for participating stakers. The liquid stakingfeature lets users swap, use, or collateralise AVAX without locking up the tokens while staking them using BENQI liquid staking.
Designed for capital efficiency, BENQI’s DeFi solutions offer high liquidity, transparency, and yield-generating opportunities for users on the Avalanche blockchain. The project aims to maximise versatility of DeFiapplications on the network and make stakingeven more lucrative and accessible for DeFi traders.
QI is the native token of the BENQI ecosystem. It can be staked for the veQI utility token that lets Avalanche validators enjoy additional delegations. It also serves as BENQI’s governance tokens, empowering holders with voting rights on proposals submitted via BENQI Improvement Proposals (BIPs).
How Does BENQI Work?
BENQI’s non-custodial liquidity market protocol lets smart contracts manage users’ crypto assets instead of owning them directly. It leverages a hybrid liquidity model that ensures high liquidityand low slippage for trading assets.
BENQI’s scalable liquidity market offers a seamless experience for DeFi users looking to lend, borrow, or earn yield on crypto assets. It also features a native DEX where users can swap or trade tokens conveniently and at competitive fees.
BENQI Liquid Staking (BLS) lets users stake AVAX tokens and receive a yield-bearing, tokenised version of their staked AVAX, sAVAX. sAVAX lets stakers earn yield from Avalanche validator rewards, and earn higher passive income from staking $AVAX. They can also unstake their tokens at any time, receiving their AVAX in exchange for sAVAX and accrued rewards.
The sAVAX token can also be used in other DeFi apps or to conduct transactions, ensuring that staking does not lock up liquidity within the Avalanche network. With BLS, users can stake $AVAX on the Avalanche C-Chain or Contract Chain, instead of on the P-Chain. This way, they can earn staking rewards without locking their tokens or running full validator nodes on the network.
When Was BENQI Launched?
The BENQI project was introduced in the market in March 2021 as an algorithmic liquiditymarket protocol on Avalanche. A month later, the team raised $6 million in funding in a strategic round. This was followed by a public token sale later in the same month.
In May 2021, the protocol partnered with Chainlinkto integrate its price feeds natively on the Avalanche network to secure its operations. It also partnered with Holborn for extensive security testing of its platform before launch, which completed the smart contractaudit in July.
The BENQI protocol launched in August 2021, after which the QI public sale participants received their tokens. In September, two key executives from Avalanche and Ava Labs - Wilson Wu and John Nahas, joined the project as strategic advisors.
BENQI announced its foray into the metaverse through its first GameFiMetaversecollaboration with Imperium Empires, a AAA GameFi project on Avalanche. BENQI released its liquid staking protocol BLS in February 2022.
In September 2022, BENQI announced the release of Phase 1 of veQI to boost staking activities on Avalanche. February 2023, the protocol announced the integration of Chainlink’s Proof of Reserve and Automation to secure cross-chain asset lending operations.
FAQ
How much is 1 BENQI (QI) worth?
KuCoin provides real-time USD price updates for BENQI (QI). BENQI price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time QI to USD exchange rates.Is BENQI (QI) a Good Investment?
The BENQI crypto may present a promising investment opportunity, particularly for those with faith in the potential of liquid staking and the overall DeFi market. As more users stake their tokens through the BLS protocol, the $QI value could rise.
The subsequent growth in on-chain activity may fuel the demand for QI cryptocurrency, driving an upward trend in the BENQI value. Heightened enthusiasm for DeFi endeavors might further enhance the QI price statistics.
An optimistic outlook in the crypto market may also play a role in elevating the $QI price, as a risk-tolerant mindset could stimulate increased purchasing activity within the market. Conversely, a pessimistic or risk-averse sentiment might lead to sell-offs, potentially putting downward pressure on the QI to USD price.
Can BENQI Price Reach $1?
While it is difficult to predict whether BENQI’s QI token will reach $1 in the future, some key fundamentals can offer insights into this. One of the biggest challenges standing in the way is the high total supply of QI tokens, fixed at 7.2 billion.
As of April 2023, the circulating supply of QI is just over 3.5 billion. If the QI price touches the critical level of $1, it will take the market cap of BENQI to $3.5 billion, an extraordinarily high and unrealistic valuation. If the developers implement token-burning mechanisms or significantly reduce the supply while other fundamentals support the price, we may see the BENQI token price touch the $1 mark.
It is important to note that the cryptocurrency market is highly volatile and subject to various factors, such as supply and demand, market sentiment, and technological developments. Therefore, any BENQI price prediction should be taken cautiously and not considered financial advice.
What Is QI Token Used For?
$QI is the native token of the BENQI ecosystem and has the following use cases:
Governance
$QI is the governance token of the BENQI protocol. It empowers token holders with voting rights to participate in decisions regarding the project’s future evolution.
Collateral
BENQI’s users can lock QI to borrow other cryptocurrencies or stablecoins in a process called "QiFi." Users can borrow up to 80% of their QI collateral value, and the market’s interest rate is determined by supply and demand.
Liquidity Provisioning
As a liquidity provision mechanism, users can stake $QI in liquidity pools to provide liquidity to the BENQI ecosystem and earn rewards in return. The amount of QI staked, and the duration of the stake determines the number of rewards earned.
Crypto Asset to Trade and HODL
Trade BENQI cryptoagainst other digital assets on the KuCoin Spot Marketto profit from changing market conditions and volatility. You can buy or sell QI against other crypto assets or hold it long-term if you believe in the future potential of the BENQI protocol.
Remember, however, that digital assets experience high market risks and volatility. It’s best to DYOR before entering new trades in the crypto market to limit your risk exposure.
Which Assets Does BENQI Liquid Staking Support?
BENQI Liquid Staking (BLS) supports staked AVAX, which is tokenized and can be freely used within Decentralized Finance (DeFi) applications such as Automated Market Makers (AMMs), Lending & Borrowing Protocols, and Yield Aggregators.
BLS lets users stake AVAX on the Avalanche C-Chain and tokenize the stake to receive sAVAX. The sAVAX tokens can be freely used, swapped, or collateralized as a yield-bearing asset within supported DeFi applications.
Meanwhile, BENQI’s liquidity market BLM supports several other digital assets, including BUSD, BTC, WETH, LINK, USDT, USDC, DAI, QI, and WBTC.
Who Are BENQI’s Investors?
BENQI Finance is funded by several renowned investors from the crypto industry, including Dragonfly Capital, Ava Labs, Morningstar Ventures, Genblock Capital, Ascensive Assets, GBV Capital, and Mechanism Capital.
What is the all-time high price of BENQI (QI)?
The all-time high price of BENQI (QI) is 0.41. The current price of QI is down 99.61% from its all-time high.
What is the all-time low price of BENQI (QI)?
The all-time low price of BENQI (QI) is 0. The current price of QI is up 13.77% from its all-time low.
How much BENQI (QI) is there in circulation?
As of 5 25, 2026, there is currently 7.2B QI in circulation. QI has a maximum supply of 7.2B.
How do I store BENQI (QI)?
You can securely store your BENQI in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your QI include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
This detailed match analysis covers key moments, player performances, and tactical insights.
Key Statistics
Possession: 55% - 45%
Shots on target: 6 - 3
Pass accuracy: 88% - 82%
Corners: 5 - 2
Player Ratings
- Home MVP: John Doe (9.2)
- Away MVP: James Smith (8.7)
Post-Match Analysis
The manager praised the team's resilience after coming from behind. "We showed great character," he said.
This win moves them to the top of the league table with 45 points.