BENQI is a decentralised finance (DeFi) protocol built on the Avalanche blockchain, designed to offer scalable, cost-effective financial services. Launched in 2021, BENQI aims to bridge the gap between centralised and decentralised finance by providing users with a platform for lending, borrowing, and earning interest on their assets. The protocol leverages Avalanche's high throughput and low-latency network to ensure a seamless user experience. BENQI’s native utility token, QI, serves multiple roles, including governance, rewarding users, and incentivizing liquidity provisioning. By fostering an open and decentralised financial ecosystem, BENQI empowers users to engage in financial activities without intermediaries, offering greater inclusivity and accessibility to blockchain-based financial services.