How to Stake Axelar (AXL) on BENQI
BENQI may not directly support AXL staking, but you can still use BENQI to buy AXL and transfer it for staking.
Current APY
10.0%
Price
$0.0459
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake AXL on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Axelar's network.
2
Acquire AXL
Buy AXL from an exchange and transfer it to your wallet, or swap for it using a DEX.
3
Visit BENQI
Go to BENQI's staking interface and connect your wallet.
4
Stake and receive liquid tokens
Enter your AXL amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.
5
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 AXL 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 AXL Staking
FAQ: AXL Staking on BENQI
What APY can I earn staking AXL on BENQI?
The current estimated APY for AXL staking is around 10.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking AXL on BENQI safe?
BENQI is a non-custodial protocol with a low risk profile for AXL 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 AXL from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your AXL won't earn rewards.
What fees does BENQI charge for AXL staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake AXL on other platforms?
Yes! You can compare all available platforms for AXL staking on our How to Stake Axelar guide. Different platforms offer different APY rates, fees, and custody models.