BENQI

BENQI is an Avalanche-native DeFi ecosystem that includes lending and borrowing markets as well as liquid staking for AVAX. Its products use different assets and mechanics, so QI should not be confused with sAVAX or with tokens deposited into lending pools. The official documentation explains the current product rules and supported assets, which can change over time as markets and integrations evolve.

QI is associated with BENQI governance and its Safety Module. Governance allows token holders to participate in protocol decisions within the applicable process, while Safety Module staking is designed around protocol shortfall protection and its own rules. QI is not the same asset as AVAX or sAVAX, and its utility does not guarantee a market value, fixed reward or control over every protocol operation.

BENQI’s public documentation describes the Safety Module as a mechanism involving QI staking to help backstop the protocol against shortfall events. Participants should read the current terms to understand reward sources, eligibility and potential loss conditions. A safety mechanism can reduce certain risks but does not make a DeFi protocol risk-free, nor does it guarantee that all losses will be covered under every scenario.

sAVAX is BENQI’s liquid-staking token associated with staked AVAX. It can be used in supported on-chain applications while representing exposure to the liquid-staking system, but its market price and redemption process may differ from holding native AVAX directly. Verify the official contract, redemption conditions and downstream application rules before using sAVAX as collateral or moving it across protocols.

QI is the governance token associated with BENQI, but the exact voting process and proposal scope depend on the current governance framework. Token ownership does not necessarily give a holder control over operational decisions or every product parameter. Check official governance materials for proposal eligibility, voting requirements and current participation rules, and avoid relying on older descriptions that may not reflect the live process.

Users can supply supported assets to lending markets and borrow against eligible collateral under rules that depend on each market. Interest rates may change with supply and demand, and collateral values can trigger liquidation when health requirements are not met. QI is a separate protocol token rather than a universal substitute for supplied collateral. Review current risk parameters and asset documentation before using a lending pool.

QI has market volatility and liquidity risk. BENQI product users can also face smart-contract failures, oracle issues, collateral liquidation, changing rates and risks introduced by integrations with other protocols. Liquid-staking assets such as sAVAX may have separate liquidity or redemption constraints. Read the official docs for the exact product and token, verify contract addresses, and do not assume that an audit or safety mechanism eliminates all possible losses.

The all-time high recorded for QI on FMchart is $0.3942. The figure can differ from other services depending on which exchanges, quote currencies and historical periods they include. Use the Price Statistics panel for FMchart’s record and ensure the market symbol refers to BENQI’s QI token, not another asset with a similar ticker. A previous high does not predict a future recovery.

Review QI’s composite price chart on FMchart across the available timeframes. BENQI’s lending, governance and liquid-staking products have different mechanics, so protocol activity should not be inferred from the token chart alone. The chart’s history start and exchange coverage shape the comparison, and past movement cannot guarantee future results.

Use BENQI’s official documentation for lending markets, QI governance, Safety Module staking and sAVAX details. Avalanche’s official ecosystem directory also describes BENQI and links to its documentation. Confirm the date and network for any parameter you cite, because interest rates, collateral factors, supported assets and staking terms can change. Verify contracts from official sources before connecting a wallet or approving a transaction.