BENQI is a highly scalable and decentralised ecosystem built to alleviate the traditional issues faced by startup and no-frill DeFi companies that lack significant capital resources. Instead, BENQI provides a Liquidity Market Protocol that is focused on being approachable, easy to navigate, and low cost. Its overall philosophy is to democratise DeFi integrating Web 3.0 operating principles such as open access to their permissionless lending technology for anyone.
Using BENQI, users can take liquidity from a shared market and instantly withdraw and supply it to other users using shared assets as collateral. Additionally, users have a transparent view of interest rates that are based on an asset’s demand and supply within the market. Users may deposit any preferred asset that the protocol accepts to gain interest based on the market’s demand for borrowing that asset. As the platform grows there will be additional token pools that are added to it. Those decisions will be voted upon by BENQI’s core team as it transitions into a DAO. All funds on BENQI are administered by smart contracts.
Sign up to buy Benqi (QI) in Australia.
Swyftx has lower spreads and cheaper trading fees when you buy Benqi, than our closest competitors.
Verify online instantly without uploading documents and deposit AUD to start trading QI in less than 2 minutes.
Breached password detection and Two Factor Authentication help protect your account from scammers.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.
Deposit and withdraw NZD via bank transfer.
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.