Lenders deposit funds into BENQI and receive interest payments from borrowers (supply-side fees).

BENQI is a non-custodial lending protocol built on Avalanche. BENQI was founded by an international team of software developers and launched in 2021.

 QI tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue). BENQI’s investors include Dragonfly Capital, Mechanism Capital, Spartan, etc.

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BENQI

# BENQI Maximum token supply Methodology

## 1. Overview

The BENQI maximum token supply metric represents the total maximum number of BENQI tokens that can ever exist according to the protocol's tokenomics design. This is a static value that reflects the hard cap established in BENQI's token contract and governance specifications. The metric provides the upper bound for token supply calculations and helps analysts understand the protocol's token scarcity model.

## 2. Data sources

This metric is derived from:
- **Protocol documentation**: BENQI's official tokenomics specifications and governance documents
- **Token contract specifications**: The maximum supply parameters defined in BENQI's token smart contract
- **Project launch records**: Official launch date and initial token distribution parameters

## 3. Step-by-step calculation

### Component A: Static maximum supply definition
- **Purpose**: Establishes BENQI's maximum token supply cap and launch date
- **Logic**: The maximum token supply is hardcoded as 7,200,000,000 tokens based on BENQI's official tokenomics design. The protocol launch date is set to April 28, 2021 at 00:00:00 UTC, marking when the token became active. The timestamp grain is configured for daily reporting to provide consistent time series data.
- **Key fields**: The `token_supply_maximum` field contains the fixed value of 7,200,000,000 tokens, while the `timestamp` field marks the protocol's launch date

### Final aggregation
- **Combining components**: Since this is a single static value, no aggregation across multiple components is required
- **Currency conversion**: Not applicable, as this metric represents token quantity rather than monetary value
- **Time aggregation**: The metric uses daily boundaries starting from the launch date of April 28, 2021
- **Final calculation**: The final metric value is the constant 7,200,000,000 tokens, applied consistently across all dates from the launch date forward using a fill-forward strategy to ensure complete time series coverage

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

BENQIQI

Maximum token supply

Maximum token supply

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