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BENQI priceQI
BENQI price calculator
More cryptocurrencies calculator >BENQI price live data summary
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About BENQI (QI)
What is BENQI (QI)?
BENQI is a new decentralized liquidity market and liquid staking protocol that operates on the Avalanche smart contract network. It allows users to lend, borrow, and potentially earn market yields using their digital assets. BENQI also aims to enhance capital efficiency by enabling users to unlock their staked AVAX for use on decentralized financial protocols. The protocol was developed by Rome Blockchain Labs Inc., a software development firm with a focus on decentralized finance (DeFi). BENQI was launched in 2021 and is a promising alternative to Ethereum that is potentially less expensive and faster.
How does BENQI Work?
BENQI is a platform that allows users to lend and borrow digital assets, potentially earning market yields. It also provides a solution for capital efficiency by enabling users to unlock their staked AVAX for use on decentralized financial protocols. Developers can create financial products using the protocol and governance tokens. BENQI aims to offer an alternative to Ethereum users that is potentially less expensive and faster, with the goal of easing the overloading of the Ethereum network. Additionally, BENQI's governance mechanism allows QI token holders to participate in the project's development, initiate proposals, and vote on issues.
What makes BENQI (QI) Unique?
BENQI is a DeFi Lending project on the Avalanche platform that offers users an easy and affordable way to access decentralized financial services. It allows users to move and place their unused assets on BENQI with no hurdles and low network fees. BENQI also provides developers with the option to create financial products using the protocol and governance tokens. Additionally, BENQI aims to ease the overloading of the Ethereum network by providing Ethereum users with a less expensive and faster alternative. Users can withdraw liquidity from the shared liquidity market, borrow from the liquidity market, and get a clear view of interest rates.
BENQI price performance in USD
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Benqi Social Data
In the last 24 hours, the social media sentiment score for Benqi was 3, and the social media sentiment towards Benqi price trend was Bullish. The overall Benqi social media score was 0, which ranks 1327 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Benqi being mentioned with a frequency ratio of 0%, ranking 1327 among all cryptocurrencies.
In the last 24 hours, there were a total of 84 unique users discussing Benqi, with a total of Benqi mentions of 10. However, compared to the previous 24-hour period, the number of unique users decrease by 1%, and the total number of mentions has decrease by 33%.
On Twitter, there were a total of 0 tweets mentioning Benqi in the last 24 hours. Among them, 0% are bullish on Benqi, 0% are bearish on Benqi, and 100% are neutral on Benqi.
On Reddit, there were 28 posts mentioning Benqi in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 4% .
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