Benqi is a DeFi and Web3 protocol built on the Avalanche blockchain that allows users to lend, borrow, and stake cryptocurrency. Users can earn rewards by staking AVAX tokens on the platform. As of today, the total value locked on the platform is over $831 million.

Key Features:

Lending: Users can deposit their cryptocurrency on Benqi to earn interest.

Borrowing: Users can borrow cryptocurrency from Benqi by depositing collateral.

Staking: Users can stake AVAX tokens to earn rewards.

Built on Avalanche: Benqi leverages the Avalanche blockchain, offering fast transaction speeds and low fees.