Activity Analysis in Benqi Protocol
What is BenQi (QI)? BenQi is a money market protocol that allows borrowers and lenders to use the project. Users are able to lend their digital assets, while earning passive income in return for providing stability at risk-free rates of interest through Benqi's proprietary smart contract system on the Avalanche network. BENQI aims to create a fully decentralized, liquid market protocol that aims to fix all of the problems associated with current financial markets by providing access without permission or limitations. With this innovation in place for lenders and borrowers alike on their highly scalable network, it will make borrowing more approachable than other platforms. With BenQi, users are able to do these activities: Instantly supply to and withdraw liquidity from a shared liquidity market Instantly borrow from a liquidity market using their supplied assets as collateral Have a live and transparent view of interest rates around the clock based on the asset's market supply and demand