FAQ

BNQ is a permissioned, non-custodial lending market: verified users supply crypto to earn interest and borrow against their collateral. The lending engine is unmodified Aave v3 -- BNQ adds a soulbound access layer on top and a fail-closed price oracle. BNQ never takes custody of your funds; every position lives in smart contracts on Hemi mainnet.

Yes -- you need a wallet on Hemi mainnet to connect to BNQ. Beyond that, BNQ itself charges no deposit, withdrawal, or account fees. What you will pay is the usual network gas fee for any on-chain transaction (supply, borrow, repay, withdraw); your wallet will always show you the fee before you confirm.

No one at BNQ can move your funds -- only your wallet can. The one exception is the access-token layer: a wallet's access can be revoked by the protocol admin (a multisig) for compliance reasons, but only through an emergency path that is logged on-chain, and never while that action would strand an open position. Revoking access does not touch your supplied or borrowed balances.

No. There is no protocol token and no points program. Anyone offering one in BNQ's name is running a scam.

BNQ is a permissioned market: every supply, borrow, liquidate, or flash-loan call checks that the caller's wallet holds a matching access token. Verifying once mints those tokens to your wallet so the contracts will let you in.

A single off-chain message -- free, instant, and it authorizes no transaction or spending. It only proves you control the wallet. BNQ's issuer checks the signature and mints your access tokens on-chain a few seconds later, and BNQ pays that gas, not you.

A non-transferable, on-chain "soulbound" token (SBT) issued to your wallet after verification. It can't be bought, sold, or moved -- it simply attests that your specific wallet has been verified for the market.

Not through the routine path while you hold an open position -- the contract checks your balances first, so ordinary administration can never strand your funds. A separate emergency revocation power exists for compliance cases, restricted to the protocol admin and logged on-chain.

Open the Supply panel for the asset, enter an amount, and confirm the transaction. You'll receive bnq-Tokens 1:1 in return, which grow in balance as interest accrues. Only assets flagged as collateral count toward your borrowing power.

Your supply yield tracks the borrow demand for that asset -- the more of a reserve that's borrowed, the higher the rate suppliers earn. Current and historical rates are shown on each asset's market page. Each reserve also launches with a supply cap that's raised over time as liquidity forms; you can't supply past it.

From your Dashboard, choose Withdraw on the asset and confirm. You can withdraw at any time as long as your remaining collateral still covers your debts and there is enough unborrowed liquidity in that reserve.

Yes -- this is standard, unmodified Aave v3 behavior. From your Dashboard you can toggle an individual supplied asset out of collateral use without withdrawing it, as long as doing so wouldn't immediately put an open borrow position underwater.

Supply an asset flagged as collateral first, then open the Borrow panel for the asset you want. The amount available to you is your borrowing power -- the sum of each collateral's value times its Max LTV -- minus what you've already borrowed, capped by that reserve's available liquidity and borrow cap.

Selling closes your position -- you give up any further upside on that asset. Borrowing lets you unlock liquidity against it while you keep holding it, which is why people borrow to cover expenses, take on new positions, or free up capital without exiting an asset they still want exposure to.

From your Dashboard, choose Repay on the borrowed asset, set an amount (up to your full debt plus accrued interest), and confirm. Borrow rates are variable and rise with that reserve's utilization -- you can see the current and historical rate on each asset's market page. Stable-rate borrowing is disabled on every BNQ reserve.

The protocol supports Aave-style flash loans, but they are disabled at launch on every reserve and, if enabled later, will also require a separate FlashLoaner access token. The premium, if enabled, is 0.05% of the borrowed amount.

A single number summarizing how safe your borrow position is: your collateral value weighted by each asset's liquidation threshold, divided by your borrowed value. A Health Factor above 1 is safe; at or below 1, your position becomes eligible for liquidation.

It moves with the market value of your collateral and debt -- a price drop on your collateral or a rise in what you owe pushes it down, moving you closer to liquidation; supplying more collateral or repaying debt pushes it back up.

A liquidator repays part of your debt and receives an equivalent amount of your collateral plus a liquidation penalty. Between a Health Factor of 0.95 and 1, up to 50% of a position can be closed in one liquidation; below 0.95, up to 100%.

Unlike a fully permissionless market, liquidation on BNQ is a permissioned role executed by a monitored service that scans positions continuously -- it is not an open bot market that anyone can join.

Keep a buffer above a Health Factor of 1 -- repaying debt raises it faster than supplying more collateral does. Watch positions on volatile collateral especially closely, since price moves there can be fast; topping up as your Health Factor approaches roughly 1.1 gives you room to react.

Prices come primarily from RedStone's push feeds, with Pyth as a backstop if the primary is missing or stale. If no price fresher than 8 hours is available from either source, BNQ fails closed: pricing-dependent actions for that asset simply revert until a fresh price returns, rather than risk using a stale or wrong one.

BNQ charges no deposit, withdrawal, or account fees. Protocol revenue comes from a reserve factor (a share of borrower interest that goes to the treasury instead of suppliers) and a 10% cut of the liquidation penalty on liquidated positions.

The lending engine underneath BNQ is unmodified Aave v3, covered by eleven published third-party audit and formal-verification reports. BNQ's own additions -- the access-token layer and the oracle adaptations, roughly 1,550 lines of Solidity -- have completed internal review and are covered by an automated test suite, with an independent third-party audit scheduled ahead of scaling.

The usual DeFi lending risks apply: smart-contract risk (mitigated for the core engine by Aave's audit history, though BNQ's own additions carry unaudited-code risk until its scheduled review), oracle risk, liquidity risk during periods of high utilization, and network risk from Hemi itself. BNQ's permissioned liquidator role also means an outage in that service during a sharp move could let bad debt accrue -- a risk mitigated by continuous scanning and conservative supply caps.