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How to Stake BENQI Liquid Staked AVAX (SAVAX) on Ankr

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

Current APY

5.0%

Price

$11.35

Platform Fee

2%

Platform Type

liquid

Start Staking SAVAX on Ankr

Ankr gives you full control of your assets.

Stake SAVAX on Ankr →

Step-by-Step: Stake SAVAX on Ankr

1

Get a compatible wallet

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

2

Acquire SAVAX

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

3

Visit Ankr

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

4

Stake and receive liquid tokens

Enter your SAVAX 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.

Ankr for SAVAX Staking: Pros & Cons

Pros

  • + Very low 2% fee — one of the cheapest liquid staking options
  • + 10+ supported chains
  • + Long track record since 2017
  • + ANKR token staking for additional rewards

Cons

  • - Lower TVL and liquidity vs Lido
  • - ankrTokens have fewer DeFi integrations
  • - Some chains have limited validator diversity

FAQ: SAVAX Staking on Ankr

What APY can I earn staking SAVAX on Ankr?
The current estimated APY for SAVAX staking is around 5.0%. Actual rates vary based on network conditions, validator performance, and Ankr's fee structure (2% of staking rewards).
Is staking SAVAX on Ankr safe?
Ankr is a non-custodial protocol with a medium risk profile for SAVAX 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 SAVAX from Ankr?
Unstaking times depend on the network: Flexible. During the unstaking period, your SAVAX won't earn rewards.
What fees does Ankr charge for SAVAX staking?
Ankr charges 2% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake SAVAX on other platforms?
Yes! You can compare all available platforms for SAVAX staking on our How to Stake BENQI Liquid Staked AVAX guide. Different platforms offer different APY rates, fees, and custody models.