The Liquidity Market Protocol on Avalanche

Lend, stake, and
launch validators

Earn yield on your AVAX, supply or borrow blue-chip assets, and spin up validators with minimal capital and zero infrastructure overhead.

$280M+ Total Value Locked
100k+ Active Users
Lending
+4.2% APY
Ignite
Validator Launch

sAVAX

Liquid Staking Token

APY 5.92%
Exchange Rate 1.34

A Full-Featured DeFi Hub

BENQI is where users put AVAX and other assets to work without sacrificing liquidity. Access multiple yields and strategies in one unified dashboard.

Maximize AVAX with liquid staking

Stake AVAX and receive sAVAX, a yield-bearing token usable across DeFi applications while earning rewards.

Earn interest or borrow assets

Supply assets to earn competitive on-chain yields or borrow against your blue-chip collateral instantly.

Launch Validators with Ignite

Spin up Avalanche validators using pay-as-you-go AVAX or QI. No hardware or large capital required.

Dashboard

Lending & Borrowing

Earn interest by lending your assets or borrow against your crypto with low fees.

4.97% APR

Liquid Staking

Maximize your AVAX by staking for sAVAX and tap into powerful DeFi opportunities.

Ignite

Run validators with ease: secure the Avalanche network and earn rewards — all with QI.

Node Voting

Earn AVAX by voting with your Miles to direct Liquid Staking delegations to your validator.

Choose Your Strategy

Find the product that fits your DeFi goals.

Feature Liquid Staking Lending & Borrowing Ignite Validators
Primary Goal Earn staking yield with liquidity Earn interest or borrow Launch Avalanche validators
User Input Stake AVAX Supply/borrow assets Provide AVAX (PAYG) or stake QI
Output sAVAX + rewards Interest / yield / liquidity Validator rewards
Ideal User AVAX holders DeFi users Institutions & builders

Built for Security & Scale

BENQI is one of Avalanche’s leading DeFi platforms—offering deep liquidity, widely integrated sAVAX, and a growing validator ecosystem.

Non-Custodial & Audited

Multiple audits from top-tier firms ensure smart contract security.

Open Source

Transparent codebase verified on-chain for total visibility.

Security Partners & Audits

Halborn
Certik
Gauntlet
Chaos Labs

Frequently Asked Questions

Liquid staking allows you to stake your AVAX and receive sAVAX in return. sAVAX represents your staked AVAX plus accrued rewards, and can be used in other DeFi applications to earn additional yield while your original tokens are staked.
BENQI prioritizes security. The protocol is non-custodial, meaning you retain control of your assets. The smart contracts have undergone rigorous audits by leading security firms. However, as with all DeFi protocols, risks exist.
To get started, connect your Avalanche-compatible wallet (like Core or MetaMask). Deposit AVAX into the Liquid Staking protocol to receive sAVAX, or supply assets to the Lending market to earn interest.