BENQI (QI) is a decentralized non-custodial liquidity market and liquidity staking protocol built on the high-speed Avalanche smart contract network. It allows users to leverage their digital assets to lend or earn interest. BENQI is unique in that it is the first DeFi lending project on the Avalanche platform, giving DeFi users in crowded and centralized networks the option to move their unused assets to BENQI with low network fees​​​.

From an investment perspective, BENQI’s QI token could be a promising investment opportunity, especially for those who are confident in liquidity staking and the potential of the DeFi market as a whole. As more users stake their tokens through the BLS protocol, the value of QI is likely to rise. Increased on-chain activity is likely to drive demand for the QI cryptocurrency, thereby fueling an upward trend in BENQI’s value.

As of December 14, 2023, the price of QI is approximately $0.0257. The maximum total supply of BENQI is 7.2 billion, the current market value is approximately US$109 million, and the circulating quantity is 423 million.

It should be noted that the cryptocurrency market is highly volatile and is affected by various factors such as supply and demand, market sentiment, and technological development. Therefore, any predictions regarding BENQI price should be treated with caution and should not be considered financial advice. Before entering into a new trade, it is best to do adequate research to limit your risk exposure.