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Author: Admin | 2025-04-28
While accessing liquidity.However, users should monitor their collateral ratio to avoid liquidation risks due to asset price fluctuations. BENQI Markets empowers users with capital efficiency, flexible borrowing, and the ability to maximize their portfolio’s growth potential.When Bitcoin was heavily sold due to the U.S. tariffs when they were first announced, Benqi saw $6.3M in liquidations in 24 hours. The liquidations were successfully managed, and bad debt was reduced by 10%.BENQI Markets’ robust infrastructure, dual market system, and Avalanche integration make it an ideal platform for users seeking efficient and affordable decentralized lending solutions.Comparing crypto lending platformsNexoOver 100 supported cryptocurrencies.Conservative ratesDepend on your Loyalty tier and Portfolio BalanceBinanceA broad range, including BTC, ETH, and BNB.Flexible and fixed-term, asset/duration dependentUp to +10% for savings and stakingMEXCPopular tokens like BTC, ETH, USDT. Exact number varies.Conservative ratesNot publicly detailed for lending/supply.CoinbaseETH and stablecoins. Limited selection.Conservative ratesFocused on staking: 4%-6% for select tokensKuCoin70+ assets including BTC, ETH, USDT.Dynamic rates (Based on market demand)Flexible rates, up to 8% depending on market demandOKXBTC, ETH, stablecoins, and others.Competitive rates influenced by loan termsCompetitive APY rates, around 6%-10%.Aave30+ assets across multiple networks.Variable, supply-demand driven, offers stable ratesRanges from 1%-20% depending on token.LiquityPrimarily ETH for LUSD minting.0% interest, w/ small minting fees.Not applicable for traditional supply ratesUnilendBroad range due to permissionless listings.Rates depend on pool utilization.Rates depend on pool dynamics and utilizationBENQIMultiple assets on Avalanche (e.g., AVAX, stablecoins).Dynamic rates (Based on supply/demand)Ranges from 2%-15% based on tokenNotes:Writer’s note: The volatile nature of the cryptocurrency market makes it difficult to provide specific numbers for loan-to-value ratios and interest rates, and these figures may have changed since we compiled this information.What is crypto lending?Crypto lending is a financial service enabling individuals to borrow cryptocurrencies using decentralized or centralized platforms. Lenders can deposit their crypto assets into a lending pool and earn regular
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