Benqi Lending · Avalanche

BTC.B

Overview

The Benqi Lending BTC.B pool on Avalanche is a single-asset lending position where suppliers earn variable interest on Bitcoin-backed tokens. The protocol generates yield by matching borrowing demand against pooled liquidity and distributing the resulting interest to lenders.

Total APY stands at 1.12%. Over the past week, this rate has declined by 0.0964%, while over the last month it has decreased by 0.0481%. This places the current yield below the 30-day mean of 1.15%.

TVL is $5.78M with no reported change in the past week. The primary risk for this pool is smart-contract exposure, given its focus on a single asset without diversification benefits. Utilisation rates are within typical ranges for lending pools of this type and protocol category.

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 1.23%; 30-day mean is 1.25%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 53% confidence based on historical patterns.

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