Benqi Lending · Avalanche

AVAX

Overview

The Benqi Lending AVAX pool on Avalanche is a single-asset lending position where suppliers earn variable interest on AVAX deposits. The protocol generates yield by routing borrowing demand against pooled liquidity and paying suppliers from the resulting interest spread. Total APY stands at 1.68%. With no additional reward layer, this rate comes solely from base lending. Over the past week, the trend is down 0.28%, while over the last month it has declined 0.81%, placing the current rate below the 30-day mean of 2.06%. TVL in the pool stands at $4.4M with no reported change over the previous seven days. The primary risk here is smart-contract exposure, given that this is not a multi-asset or stablecoin pool. AVAX liquidity depth remains adequate for the protocol's operations.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Current APY is 3.97%; 30-day mean is 3.37%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 51% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.