BENQI (QI) is now listed in the Crypto.com App, joining the growing list of 200+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Crypto.org Coin (CRO).
BENQI (QI) is a decentralised non-custodial liquidity market protocol that claims to be the first DeFi project on Avalanche. One of the goals of BENQI is to become a cross-chain hub, connecting Ethereum, Polkadot, and Binance Smart Chain (BSC) through the Avalanche subnets. BENQI focuses on approachability, ease of use, and low fees, allowing users to effortlessly lend, borrow, and earn interest with their digital assets. The QI token is the governance token which allows holders to initiate proposals and vote on issues that will steer the direction of the protocol. Holders of the token will also be able to earn rewards for providing liquidity and staking.
Crypto.com App users can now purchase QI at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.
Note:
– QI is not available for residents of the United States
