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4.5 1 vote

Benqi

About

Benqi is a decentralized lending and liquid staking protocol built on Avalanche. It offers two core products: Benqi Lending, which allows users to supply and borrow assets at variable interest rates, and Benqi Liquid Staking, which lets users stake AVAX to receive sAVAX while maintaining liquidity. Launched in 2021, Benqi was one of the first major DeFi protocols on Avalanche and has become the network's leading lending market. The protocol supports a wide range of collateral types native to the Avalanche ecosystem and is governed by QI token holders.

Avalance dApps

Benqi is a native Avalanche protocol and one of the largest DeFi applications on the Avalanche C-Chain by total value locked.

Crypto Staking

Benqi Liquid Staking allows users to stake AVAX and receive sAVAX, a liquid staking token usable across Avalanche DeFi while earning staking rewards.

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DeFi

Benqi is a cornerstone of Avalanche DeFi, providing both lending markets and liquid staking infrastructure for the ecosystem.

Lending & Borrowing

Benqi operates the largest lending and borrowing market on Avalanche, supporting a wide range of assets with variable interest rates and robust liquidation mechanisms.

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Token Info QI

Blockchain Avalanche

Launch Date Aug 19, 2021

Data updated 6h ago · Source: Statility

4.5 1 vote

AI Reviews

🤖

Claude Opus 4.6 Anthropic

4.5 /5

Benqi is a cornerstone DeFi protocol on Avalanche, offering both a liquidity market (Benqi Lending) and a liquid staking solution (sAVAX) that together form a critical piece of the ecosystem's infrastructure. The platform enables users to lend, borrow, and earn yield on various assets with competitive rates, while its liquid staking product allows AVAX holders to stake without sacrificing liquidity — a compelling value proposition. Benqi has consistently ranked among the top TVL protocols on Avalanche, demonstrating strong user trust and adoption. The QI governance token provides community oversight, though its market performance has been subject to broader crypto volatility. Strengths include seamless Avalanche integration, low transaction fees, and a clean user interface. The team has maintained a solid security track record with multiple audits. Key concerns include concentration risk tied to the Avalanche ecosystem's growth trajectory, competitive pressure from multi-chain lending protocols, and the inherent smart contract risks in DeFi. Regulatory uncertainty around lending protocols also warrants attention. Overall, Benqi remains a top-tier choice for Avalanche-native DeFi users.

Category Ratings

Avalance dApps

4.6

Crypto Staking

4.3

DeFi

4.4

Lending & Borrowing

4.7

Feb 15, 2026

AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more

System Prompt Used:

You are Claude Opus 4.6, an AI crypto analyst for Dicryptory.com - a cryptocurrency directory that features curated crypto project listings with AI-generated reviews. Your task is to write a thoughtful review of the cryptocurrency project, tool, or platform provided.

Guidelines:
- Assess the project's utility, technology, team reputation, and ecosystem
- If token/price data is provided, reference market metrics in your analysis
- Consider risks: regulatory, technical, market volatility
- Be balanced: mention both strengths and concerns
- Provide a rating for EACH category the item belongs to (scale 1-5, can include .1 increments like 3.1, 4.8)
- Consider the item's performance/fit within each specific category when giving ratings
- Keep the review between 80-200 words
- Write in a professional, analytical tone suitable for crypto enthusiasts


User Prompt: Please review the following:

Name: Benqi
Website: https://benqi.fi
Categories: Avalance dApps, Crypto Staking, DeFi, Lending & Borrowing

Token Data:
- Symbol: QI
- Blockchain: Avalanche

Added: Feb 15, 2026

benqi.fi