BENQI Finance- This website abuses my site. it's a SPAM website

What BENQI Finance- This website abuses my site. it's a SPAM website does

BENQI is a decentralized finance (DeFi) protocol built on the Avalanche blockchain, launched in 2021, that combines liquid staking, money markets, and validator infrastructure under a single suite. The protocol operates four core products: BENQI Liquid Staking (sAVAX), which tokenizes staked AVAX into a yield-bearing, DeFi-deployable token; BENQI Markets, an over-collateralized lending and borrowing platform split into Core Markets for liquid assets and Avalanche Ecosystem Markets (isolated lending pools) for long-tail and exotic assets with USDC-only borrowing; Ignite, a Pay-As-You-Go validator deployment service that lowers the barrier to running an Avalanche validator from 2,000 AVAX upfront to an 8 AVAX weekly fee; and Node Voting, a governance mechanism via BENQI Miles (veQI) that lets holders steer AVAX delegation to validators. Underlying technology includes a dual oracle price-feed architecture (Chainlink as primary, Chaos Labs Edge Oracles as secondary), MPC-based signing infrastructure for cross-chain transfers between Avalanche C-Chain and P-Chain through Fireblocks, and isolated lending pools to prevent volatility contagion across markets. Security has been validated by Halborn, Certora, Cyfrin, Dedaub, Code4rena, and Zellic across liquid staking, markets, Ignite, and oracle contracts through May 2025.

The protocol is served entirely through a self-serve, non-custodial web application (app.benqi.fi) accessible globally with no KYC and no intermediaries, targeting DeFi users seeking yield on AVAX, validators and node operators seeking low-capital validator deployment, lending and borrowing participants, and developers building on Avalanche liquidity infrastructure. Distribution and engagement run through Discord, Telegram, Twitter/X, GitBook documentation, GitHub, and analytics visibility on DefiLlama, Token Terminal, and Sentora.

Revenue is generated protocol-natively: BENQI retains 10% of validator rewards from the liquid staking pool, plus Pay-As-You-Go Ignite rental fees (8 AVAX/week minimum, with a 5% discount for QI-denominated payments), plus minor spread income from lending markets. The QI token has a 7.2 billion total supply, with 45% (3.24 billion) allocated to a liquidity mining program to incentivize participation, plus 720M to Core Contributors, 1.08B to the Foundation, and the balance across seed, private, public, and exchange liquidity buckets. Governance is structured for gradual decentralization from the founding team (led by co-founder and CEO Dan Mgbor) to QI holders. The protocol was historically positioned as the #1 application on Avalanche by Total Value Locked, surpassing $250M TVL, although current website metrics render TVL as a placeholder rather than a live figure, limiting present-day scale verification.

Name

BENQI Finance- This website abuses my site. it's a SPAM website

Legal name

BENQI Finance

Website

https://benqi.fi

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

BENQI is a decentralized finance protocol built on the Avalanche blockchain offering liquid staking via sAVAX, over-collateralized lending and borrowing markets, Pay-As-You-Go validator deployment (Ignite), and Node Voting governance for global DeFi users, validators, and developers.

Ownership category

akta.pro rank

Product category

Decentralized Finance Protocol

NAICS

Securities and Commodity Exchanges (52321), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Liquid Staking & Restaking Protocols (FSADAMAE)

akta.pro secondary industries

Staking, Restaking & Liquid Staking Finance (LST/LRT, validator markets) (FSAPAEAH), Decentralized Lending & Borrowing Protocols (FSADAMAA)

Keywords

• Liquid staking protocol
• DeFi lending borrowing
• Validator deployment
• Yield-bearing tokens
• Decentralized finance

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Protocol Revenue from Liquid Staking: Protocol earns 10% of the rewards generated by validators, including a portion of the delegator fees from the liquid staking pool.
2. QI Token Liquidity Mining: 45% of total QI supply (3.24 billion tokens) allocated to liquidity mining program incentivizing user participation and platform growth.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

BENQI is a decentralized liquidity protocol on the Avalanche blockchain that lets users stake AVAX to receive yield-bearing sAVAX, supply or borrow crypto assets through over-collateralized lending markets, deploy Avalanche validators on a pay-as-you-go basis, and participate in governance via Node Voting using BENQI Miles (veQI). The protocol combines liquid staking, lending/borrowing, validator bootstrapping, and on-chain governance into a single integrated DeFi suite.

Product overview

BENQI is a suite of DeFi protocols built on Avalanche consisting of four core products: Liquid Staking (sAVAX) for staking AVAX and earning yield while maintaining liquidity, BENQI Markets for lending and borrowing across Core Markets and Avalanche Ecosystem Markets, Ignite for Pay-As-You-Go validator deployment, and Node Voting for governance via BENQI Miles. The protocol also includes an upcoming RWA Platform. BENQI tokenizes staked AVAX through sAVAX, which integrates across DeFi applications while earning staking rewards.

Differentiator

Problem solved

Functional benefit

Products and services

• BENQI Liquid Staking (sAVAX)

Quantifiable outcome

• Earn approximately 336 BENQI Miles per day for each staked QI token
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

15 partnerships are on record, tiered core and supporting.

• ChainlinkcoreTechnology or IntegrationPrimary price oracle provider for BENQI's dual oracle model, supplying reliable price feeds for assets including QI, sAVAX, and other tokens on Avalanche.
• HalborncoreTechnology or IntegrationSecurity firm that conducted smart contract audits for BENQI Liquidity Market (May 2021) and BENQI Liquid Staking (November 2021 - February 2022).
• CertoracoreTechnology or IntegrationFormal verification partner for sAVAX smart contracts, AAVE v3 sAVAX listing, and BENQI Liquid Staking protocol verification.
• Chaos LabscoreTechnology or IntegrationRisk assessment and management partner for BENQI Liquidity Market. Provides Edge Oracles as secondary price oracle and manages risk parameters including collateral factors and interest rate models.
• FireblockscoreTechnology or IntegrationCustody infrastructure partner providing secure asset custody and MPC wallet technology for BENQI's operations.
• CyfrinsupportingTechnology or IntegrationSecurity analysis provider for Ignite (December 2024), reviewing smart contract security for validator deployment functionality.
• DedaubsupportingTechnology or IntegrationSmart contract audit firm that reviewed Ignite smart contracts (March 2023).
• ImmunefisupportingTechnology or IntegrationBug bounty platform hosting BENQI's vulnerability disclosure program for coordinated security research.
• BitGosupportingTechnology or IntegrationCustody partner providing institutional-grade digital asset custody solutions.
• Anchorage DigitalsupportingTechnology or IntegrationDigital asset custodian and banking platform partner for BENQI.
• Code4renasupportingTechnology or IntegrationCrowdsourced security audit platform that conducted analysis for BENQI Isolated Markets (October 2023).
• CodeHawkssupportingTechnology or IntegrationSecurity audit platform and bug bounty host for BENQI smart contracts.
• ZellicsupportingTechnology or IntegrationSecurity audit firm that reviewed Chaos Labs Dual Oracle Contract (May 2025).
• HexagatesupportingTechnology or IntegrationReal-time threat prevention and security monitoring partner for BENQI.
• zeroShadowsupportingTechnology or IntegrationSecurity partner providing additional smart contract security services.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sky (formerly MakerDAO): DeFi lending protocol using over-collateralized debt positions (CDPs) to mint stablecoins. Comparable to BENQI Markets on the lending side and to BENQI's planned RWA Platform, which targets tokenized Treasury and real estate collateral for stablecoin borrowing.
• Trader Joe: Avalanche-native DeFi hub combining a DEX with a lending market (Banker Joe). Operates in the same Avalanche-anchored ecosystem as BENQI and addresses overlapping lending/borrowing users.
• Frax Finance: DeFi protocol offering frxETH as a liquid staking token alongside lending and stablecoin infrastructure. Direct functional peer on the liquid-staking side and a broader DeFi competitor in lending markets.
• Compound: Pioneer algorithmic lending market with cross-chain deployments including on Avalanche. Directly comparable to BENQI Markets in functionality (supplying assets to earn interest, over-collateralized borrowing with algorithmically set rates).
• Rocket Pool: Decentralized liquid staking protocol issuing rETH on Ethereum, the closest functional peer to sAVAX outside Avalanche. Operates with a similar Pay-As-You-Go / pooled validation architecture that aligns with BENQI's Ignite model.
• Aave: Leading DeFi lending protocol with V3 deployment on Avalanche and an active sAVAX listing. Competes head-on in BENQI Markets use cases (over-collateralized lending, interest-bearing deposits) while operating as a broader cross-chain incumbent in the same product category.
• Lido Finance: Dominant liquid staking protocol that pioneered the LST model (stETH) and operates across multiple chains. BENQI's sAVAX replicates the same liquid staking mechanic on Avalanche, making Lido the most direct functional analog for the core product.

Emerging players

• EigenLayer: Restaking protocol that extends staked ETH to secure additional services and creates a competing yield-bearing token. Adjacent competitor to BENQI's liquid staking strategy and a likely future benchmark as restaking expands to AVAX.
• Morpho: DeFi lending optimizer that layers on top of blue-chip lending markets to improve rate efficiency. Emerging competitor in BENQI Markets' segment, with growing Avalanche footprint that overlaps with BENQI's user base.

Broad incumbents

• Curve Finance: Leading stablecoin and LST AMM with active sAVAX liquidity pools, an integration counterparty for BENQI. Larger and more established across chains; competes for the same DeFi liquidity flow that BENQI's Markets depend on.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/BenqiFinance
• GitHubgithub.com/Benqi-fi
• LinkedInlinkedin.com/company/benqi

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BENQI Finance- This website abuses my site. it's a SPAM website