
QI (QI)
Key data
updated $0QI is the native token of BENQI, a decentralized finance protocol built on the Avalanche network. In plain terms, it's the governance token for a platform that offers lending, borrowing, and liquid staking services, so holding QI gives you voting power over protocol decisions rather than ownership of a blockchain.
Frequently asked questions
What is QI and how does it differ from other crypto tokens?
QI doesn't run its own blockchain — it's a token on Avalanche tied to the BENQI protocol, which combines a liquidity market (lending and borrowing) with liquid staking. Its role is governance and utility: holders vote on protocol changes and can stake it for rewards, while coins like AVAX additionally pay for network fees and security.
How does the technology behind QI work?
QI lives on Avalanche's C-Chain, an Ethereum-compatible network secured by Avalanche's proof-of-stake consensus, in which validators repeatedly sample one another to reach fast, energy-efficient agreement. BENQI itself is a set of smart contracts: deposited assets go into shared liquidity pools, and interest rates adjust automatically based on supply and demand.
How is QI's emission structured?
QI has a hard cap of 720 million tokens, so no additional coins can ever be minted beyond that limit. The initial supply was split among liquidity mining rewards, the team, the treasury, and early backers, with mining rewards unlocking gradually over several years to encourage long-term participation rather than short-term selling.
How can I store and use QI?
Because QI is an Avalanche C-Chain token, any EVM-compatible wallet works — MetaMask and the Avalanche-native Core wallet are the most common choices. You can keep QI in a wallet, trade it on exchanges that list it, or put it to work by staking it in the BENQI protocol and voting in governance proposals.