BENQi

BENQI operates a decentralized finance hub on the Avalanche blockchain, offering liquid staking, lending and borrowing, and validator bootstrapping services. The liquid staking protocol allows users to stake AVAX and receive sAVAX, a yield-bearing token that grows in value while remaining liquid for use as collateral, in DEX pools, or across DeFi applications. The lending and borrowing platform enables users to supply crypto assets to earn interest and QI rewards, or borrow against their portfolios without intermediaries. The Ignite product enables users to run Avalanche validators for as little as 8 AVAX per week, eliminating the need to lock 2,000 AVAX upfront. The platform also features node voting, where users can use Miles to vote for validators and earn AVAX rewards from delegation. Backed by leading security firms, auditors, and custodians, BENQI delivers a safe and seamless DeFi experience with audited smart contracts. Founded in 2021 and headquartered in Finland, the company has raised approximately $6.0M in Series A funding from investors including Mechanism Capital, Spartan Group, Dragonfly, Arrington Capital, and Morningstar Ventures.