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BENQI vs Compound

How BENQI vs Compound compare on our ratings, lending protocol specs, funding, pros and cons.

BENQI3.9/5
VS
Compound4.0/5
Feature
BENQIVisit
CompoundVisit
Ratings
Our score3.9/54.0/5
User ratingNo reviews yetNo reviews yet
Security & track record4.54.5
Rates3.54.0
Market depth3.53.5
Ease of use4.04.0
Decentralization3.54.0
Specs
KYC required No No
Lending modelPooledIsolated markets
ChainsAvalancheEthereum, Arbitrum, Base
Main collateral assetsAVAX, sAVAXETH, WBTC, USDC, USDT
Flash loansNot disclosed No
Permissionless marketsNot disclosed No
Audited Yes Yes
Bug bounty Yes Yes
Governance tokenQICOMP
Isolated markets Yes Yes
Real-world-asset collateralNot disclosed No
Own stablecoin No No
RatesVariableVariable
Company
Founded20212017
Headquarters——
InvestorsAscensive Assets, Genesis Block Ventures, Arrington Capital, Ava Labs +9Dragonfly, Polychain Capital, a16z crypto
Strengths and weaknesses
Pros
  • Non-custodial access requires no KYC identity verification
  • Multiple third-party smart contract audits by firms including Halborn, Cyfrin, and Zellic
  • Liquid staked sAVAX remains usable as collateral across Avalanche DeFi
  • Ignite lowers Avalanche validator entry costs to 8 AVAX weekly
  • Audited by OpenZeppelin and ChainSecurity with a $1M bug bounty
  • Processed $480B in all-time deposits and borrows since 2018
  • No KYC required to supply or borrow on standard markets
  • Active on Ethereum, Base, and Arbitrum
Cons
  • Restricted exclusively to the Avalanche C-Chain network
  • Variable borrow interest rates can spike during pool utilization surges
  • Collateral positions face liquidation penalties if asset prices crash
  • Lacks an umbrella safety module to cover protocol-wide bad debt
  • Borrow rates vary with base-asset pool utilization
  • Does not support permissionless market creation by users
  • Borrowing is restricted to only one designated base asset per pool
Best forAvalanche holders seeking staking liquidity, DeFi borrowers managing collateral on-chain, Validators launching nodes on lower budgetsUSDC and WETH borrowers, Suppliers avoiding rehypothecation risk, Users seeking yield on supported EVM networks

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.