Benqi Lending
Overview
TVL
$120.9M
Up 41% over 90 days
Live since
2021
Lent out to borrowers$37.9M· not in TVL
Own-token liquidity (pool2)$52K· not in TVL
TVL, last 90 days
Moderate
Full data
Security
AuditsAudited by Certora, Zellic, Cyfrin and 3 others, May 2025Audit page
Contract statusAll contracts verified, upgradeableComptroller 0x486A…D9b4qiAVAX 0x5C04…Ef1c
Upgrades controlled byMultisig0xb952…DB3D
Multisig3 of 6 signers must approveSafe 0xb952…DB3D
TimelockNone — admin changes take effect immediately
Track record
Through market stressCame through all 5UST/Luna collapse (May 2022) — kept 26% of its depositsFTX collapse (Nov 2022) — kept 70% of its depositsUSDC depeg (Mar 2023) — kept 90% of its depositsAugust 2024 crash — deposits grew 28%October 2025 liquidation cascade — kept 69% of its deposits
Exploit historyNone recorded