BenQi Finance's Dashboard

    What is Avalanche Chain?

    Avalanche is a decentralized blockchain network that was launched in September 2020. It was created to provide a fast, secure, and highly scalable platform for decentralized applications (DApps) and enterprise blockchain solutions.

    The Avalanche network is designed to support high throughput and low latency, which makes it possible to process thousands of transactions per second with sub-second finality. This performance is achieved through a consensus protocol called Avalanche-X, which utilizes a network of validators to confirm transactions in parallel.

    Credit

    A massive shoutout to the legendary r3n! His incredible codes has been instrumental in my analysis of the Overview tab.

    Past Original Dashboard of Myself which was updated to this new dashboard that covers Isolated Markets + Borrow & Supply TVL + Utilization Rate + $QI token analysis


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    Dashboard by Ali3N

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    What is BenQi Finance?

    BenQi is a decentralized finance (DeFi) protocol built on the Avalanche blockchain. It aims to provide users with a range of financial services, including yield farming, lending, and liquidity provision. By leveraging the speed and scalability of the Avalanche network, BenQi offers efficient and low-cost transactions, enabling users to maximize their yields and access decentralized financial opportunities.

    BenQi serves as a bridge between traditional finance and the rapidly growing world of decentralized finance, empowering users to participate in a secure and permissionless financial ecosystem.

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    Welcome to the BenQi Protocol Analysis Dashboard!

    Here, we delve into the depths of BenQi protocol to explore its various services, including Yield Farming, Borrowing, Lending, and more.

    Additionally, we conduct a user segmentation analysis to gain insights into the types of Avalanche's users leveraging this protocol and the sources of liquidity flowing into the Avalanche chain.

    • There is also a flexible "Time_Interval" parameter which allows you to effortlessly adjust the time frame of the over-time charts to suit your specific preferences. By default, the time frame is set to Weekly, but you have the freedom to seamlessly switch to Monthly or Daily intervals.

    How Does BenQi Market Work?

    BenQi offers users the opportunity to earn interest by depositing their assets, which can then be utilized as collateral for borrowing other assets. When users supply assets, they receive QiTokens as a representation of their asset balance in the BenQi Liquidity Manager. These QiTokens correspond to the underlying asset supplied (e.g., qiUSDC, qiWBTC, qiAVAX.) and are necessary for withdrawing supplied assets from the protocol. Users can freely withdraw their assets as long as they are not actively being used for borrowing and their withdrawal would not trigger loan liquidation.

    For users seeking additional capital, they can borrow against their deposited assets acting as collateral. The maximum borrowing amount is determined by the value of the assets deposited and the available liquidity, while considering the user's Health. Health represents the collateral-to-loan value ratio. Borrowing does not have a fixed repayment period, allowing users to hold their debt indefinitely as long as their Health remains above 1. However, if the collateral value decreases or the borrowed debt increases relative to the collateral, the user's Health may fall below 1, leading to the liquidation of their deposited assets. To prevent liquidation, users can repay their loans or deposit additional assets to increase their Health. Repayments must be made with the same asset that was borrowed.