BENQI Finance is a suite of decentralized finance protocols built on Avalanche. It consists of the BENQI Markets, BENQI Liquid Staking and Ignite.
The BENQI Markets enables users to lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol earn yield, while borrowers can borrow in an over-collateralized manner.
This analysis provides insights into users behavior within the BENQI Market from the start of the year till date, including:
- User staking trends
- User lending trends
- User borrowing trends
Understanding these aspects is crucial for the BENQI ecosystem to drive greater user engagement, improve financial performance, and foster sustained growth.