How to Stake Algorand (ALGO) on BENQI

BENQI may not directly support ALGO staking, but you can still use BENQI to buy ALGO and transfer it for staking.

Current APY

6.0%

Price

$0.1095

Platform Fee

10%

Platform Type

liquid

Start Staking ALGO on BENQI

BENQI gives you full control of your assets.

Stake ALGO on BENQI →

Step-by-Step: Stake ALGO on BENQI

Get a compatible wallet

You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Algorand's network.

Acquire ALGO

Buy ALGO from an exchange and transfer it to your wallet, or swap for it using a DEX.

Visit BENQI

Go to BENQI's staking interface and connect your wallet.

Stake and receive liquid tokens

Enter your ALGO amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.

Use your LST in DeFi (optional)

Your liquid staking token can be used across DeFi — lend it, provide liquidity, or hold it to earn staking rewards passively.

BENQI for ALGO Staking: Pros & Cons

Pros

+ Avalanche-native — no bridge risk
+ sAVAX usable in Trader Joe, GMX, and other Avalanche DeFi
+ Integrated lending market (Qi Protocol)
+ No minimum stake

Cons

- Avalanche-only
- Smart contract risk
- Lower TVL than Ethereum liquid staking protocols

Other Platforms for ALGO Staking

🏦Coinbase

Exchange · 25–35% commission on rewards

🐙Kraken

Exchange · 10–15% commission on rewards

🔐Ledger

wallet · No platform fee — only network/validator commission

🛡️Trust Wallet

wallet · No platform fee — validator commission only

🌅Exodus

wallet · No platform fee — validator commission only (note: Exodus's swap feature charges spread)

FAQ: ALGO Staking on BENQI

What APY can I earn staking ALGO on BENQI?

The current estimated APY for ALGO staking is around 6.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).

Is staking ALGO on BENQI safe?

BENQI is a non-custodial protocol with a low risk profile for ALGO staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.

How long does it take to unstake ALGO from BENQI?

Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your ALGO won't earn rewards.

What fees does BENQI charge for ALGO staking?

BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.

Can I stake ALGO on other platforms?

Yes! You can compare all available platforms for ALGO staking on our How to Stake Algorand guide. Different platforms offer different APY rates, fees, and custody models.