Liquidity Mining Incentives - 0 (LMI-0)

The first Liquidity Mining Incentive for BENQI will run for 90 days.

As detailed in our previous post regarding the most appropriate design for deploying liquidity mining incentives, LMI-0 has been constructed to achieve three main goals:

  • Bootstrap liquidity and accelerate the growth of the protocol in key metrics such as users, total value locked (TVL), and total borrow
  • Act as the control to fine-tune future incentive programs
  • Increase the distribution of QI

Please note that the emissions for LMI-0 will be optimized depending on market conditions

This is how the distribution will be split amongst the different pools for the first 90 days:

Total distribution of $QI per week for LMI-0

LMI-0 will run in parallel with the initial round of Avalanche Foundation Liquidity Mining Initiatives, where $3M in $AVAX will be distributed to lenders and borrowers of BENQI. The $AVAX rewards will be distributed in two phases, with $1.5M over the first 45 days, and $1.5M in the subsequent 90 days. The full breakdown for the $AVAX rewards will be communicated shortly before launch.

BENQI is thrilled to be launching on August 19, offering users a high-speed, low-cost money market solution on Avalanche.


Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. Through BENQI, Avalanche users will be able to earn interest on their assets, obtain credit through over-collateralized loans and earn QI governance tokens as rewards for providing liquidity on the protocol and Pangolin. For more information about BENQI, please visit:

Website | Twitter | Telegram | Documentation | Github | Email

BENQI is a decentralized non-custodial liquidity market protocol on Avalanche, enabling users to effortlessly lend, borrow, and earn interest with their assets.