How to Stake Drift Staked SOL (DSOL) on BENQI
BENQI may not directly support DSOL staking, but you can still use BENQI to buy DSOL and transfer it for staking.
Current APY
6.2%
Price
$97.41
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake DSOL on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Drift Staked SOL's network.
2
Acquire DSOL
Buy DSOL 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 DSOL 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 DSOL 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
FAQ: DSOL Staking on BENQI
What APY can I earn staking DSOL on BENQI?
The current estimated APY for DSOL staking is around 6.2%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking DSOL on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for DSOL 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 DSOL from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your DSOL won't earn rewards.
What fees does BENQI charge for DSOL staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake DSOL on other platforms?
Yes! You can compare all available platforms for DSOL staking on our How to Stake Drift Staked SOL guide. Different platforms offer different APY rates, fees, and custody models.