How to Stake dYdX (DYDX) on BENQI
BENQI may not directly support DYDX staking, but you can still use BENQI to buy DYDX and transfer it for staking.
Current APY
2.9%
Price
$0.0952
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake DYDX on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports dYdX's network.
2
Acquire DYDX
Buy DYDX 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 DYDX 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 DYDX 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 DYDX Staking
FAQ: DYDX Staking on BENQI
What APY can I earn staking DYDX on BENQI?
The current estimated APY for DYDX staking is around 2.9%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking DYDX on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for DYDX 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 DYDX from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your DYDX won't earn rewards.
What fees does BENQI charge for DYDX staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake DYDX on other platforms?
Yes! You can compare all available platforms for DYDX staking on our How to Stake dYdX guide. Different platforms offer different APY rates, fees, and custody models.