BENQI

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FAQ ​

What can I build with BENQI? ​

Answer

How could I get started building? ​

Answer

How can I find the sAVAX to AVAX exchange rate? ​

To check the exchange rate for sAVAX to AVAX, click the following link: sAVAX to AVAX Rate

This can be read from the contract using Function 14: sAVAX to AVAXor Function 18: AVAX to sAVAX

Is there a contract call for burning sAVAX after users have redeemed it? ​

Burning sAVAX is automated and only occurs when redeeming AVAX. Users cannot burn sAVAX directly. The redemption process triggers the burn within the smart contract.

How do I get the exchange rate history of sAVAX/AVAX? ​

No one can burn on their own. The only way to burn is by redeeming AVAX and that is automated on the smart contract.

How do you create a liquidator bot? ​

You can refer to the Google Compound V2 liquidation guide for help in setting up a liquidator bot. This should direct you to their Docs.

Do you have an API to fetch data, or do you have any plans to create one? ​

BENQI does not have an API for data fetching.

Historical data is pulled from the subgraph, while real-time data is pulled directly from the smart contracts.

Is there a subgraph to fetch open positions on BENQI's lending market? ​

Yes, you can use the following subgraph to fetch open positions and other data: BENQI Subgraph

How did BENQI implement Proof of Reserves and Keepers? ​

Keepers monitor the system by calling checkUpkeep, and if a need for action is detected, they call performUpkeep.

The implementation can be viewed here: Proof of Reserves and Keeper Implementation

That can be found here: Chainlink Price Feed (sAVAX/USD)

It can be read using Function 8: sAVAX to AVAX