How does Benqi work?

BenQi market operates on a unique model that enables users to generate income through their digital assets. By depositing their holdings into the platform, users can actively participate in the lending and borrowing ecosystem.

Upon depositing assets, BenQi rewards users with QiTokens. These tokens serve as a digital representation of their asset balance within the BenQi Liquidity Manager. This mechanism ensures transparency and ease of tracking for users.

The QiTokens act as a collateral mechanism, allowing users to leverage their deposited assets to borrow other digital assets from the platform. This process promotes efficient capital allocation and liquidity within the BenQi ecosystem.

The borrowed assets can then be used for various purposes, such as trading, staking, or simply holding. By offering this service, BenQi provides users with additional financial opportunities and flexibility.

Among the reputable cryptocurrency exchanges that support digital asset trading and management, BTCC stands out as a top player. BTCC offers a comprehensive suite of services, including spot trading, futures trading, and a secure digital wallet solution.