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BENQIQI

DeFi
TokenomicsUnlocksValue FlowRevenueValuation
See Audit

BENQI Protocol Revenue

Track how BENQI protocol revenue flows to QI holders through fees, buybacks, and value accrual mechanisms.

Produced by Tokenomics.com in collaboration with BlackTokenomics.
Revenue Verifiability
Verified and Transparent
Value Accrual TypesNot Tracked
Token Contract VerificationSmart Contract Address
Revenue to Holders
0%
0%100%
Revenue StatementJul 2026 *Jun 2026May 2026Apr 2026Mar 2026Feb 2026Jan 2026Dec 2025Nov 2025Oct 2025Sep 2025Aug 2025Jul 2025
Gross Revenue$254.5K$1.0M$1.5M$1.1M$1.2M$871.4K$2.0M$1.8M$2.1M$2.9M$2.8M$2.4M$1.8M
Cost of Revenue$227.4K$889.4K$1.3M$972.7K$1.0M$766.8K$1.8M$1.6M$1.9M$2.5M$2.4M$2.2M$1.5M
Net Revenue$27.1K$111.7K$171.3K$135.7K$156.4K$104.5K$229.8K$211.0K$252.6K$339.0K$335.6K$298.0K$224.8K
Protocol Revenue$27.1K$111.7K$171.3K$135.7K$156.4K$104.5K$229.8K$211.0K$252.6K$339.0K$335.6K$298.0K$224.8K
Holder Revenue$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0
Revenue Flow
Breakdown of gross revenue into costs, net revenue, and holder revenue.
QI Protocol Revenue
Visualizes gross revenue, net revenue, and holder revenue over time.
Protocol Revenue
Cost of Revenue
Holder Revenue
QI Revenue vs Unlocked Tokens
Gross revenue vs token unlocks over time.
Protocol Revenue
Cost of Revenue
Holder Revenue
Unlocked Emissions

QI Protocol Revenue FAQ

Key questions and answers about BENQI revenue, fees, and token value accrual

How does BENQI generate revenue?

BENQI generated $70.9M in gross revenue from Feb 2022 to Jul 2026 (1602 days), with $8.4M retained as net revenue. Its primary token utilities include Staking Rewards, Staking Access, Fee Discounts, Service Payments, and Vote Escrow.

This averages $$44.2K in daily gross revenue across the tracked period.

Does BENQI burn QI tokens?

No, BENQI does not currently burn QI tokens. The protocol does not employ a buy-back-and-burn or direct token burn mechanism.

How do QI tokenomics work?

QI serves 5 primary functions within the BENQI ecosystem: Staking Rewards, Staking Access, Fee Discounts, Service Payments, and Vote Escrow. The protocol generates fees from user activity.

Token utilities:

  • Staking Rewards: Users who stake QI in the Ignite Stake validator option earn QI rewards in return for providing collateral (QI worth 200 AVAX) while BENQI supplies the full 2,000 AVAX to run a validator.
  • Staking Access: Staking QI is required to accumulate BENQI Miles for Node Voting governance, and staking QI worth 200 AVAX is required to access BENQI-supplied validator capital in the Ignite Stake option.
  • Fee Discounts: QI holders receive a 5% discount on Ignite PAYG validator hosting fees when paying in QI instead of AVAX or USDC.
  • Service Payments: QI can be spent to pay for Ignite PAYG validator hosting fees (minimum 8 AVAX/week equivalent), with the protocol accepting QI alongside AVAX and USDC.
  • Vote Escrow: Staking QI generates BENQI Miles (formerly veQI) that accrue linearly over time at 0.000003888888888 Miles per staked QI per second, up to 100x the staked amount. Any unstaking resets the entire Miles balance to zero, incentivizing longer lockup for greater voting power.

What is BENQI's gross revenue used for?

In 2026, BENQI generated $8.0M in gross revenue. Of that, $936.5K was retained as protocol revenue (treasury), $7.0M went to supply-side participants (e.g. liquidity providers).

Year-by-year revenue breakdown:

  • 2026: $8.0M gross revenue — $936.5K to protocol, $7.0M to supply-side
  • 2025: $24.6M gross revenue — $3.0M to protocol, $21.5M to supply-side
  • 2024: $24.0M gross revenue — $2.9M to protocol, $21.1M to supply-side

Is BENQI's gross revenue growing or declining?

BENQI's gross revenue has decreased by 7.4% over the past 90 days compared to the prior 90-day period, from $3.9M to $3.6M.

  • Recent 90d daily average: $40.4K/day
  • Prior 90d daily average: $43.6K/day

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