How to Stake Dymension (DYM) on BENQI
BENQI may not directly support DYM staking, but you can still use BENQI to buy DYM and transfer it for staking.
Current APY
13.5%
Price
$0.0195
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake DYM on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Dymension's network.
2
Acquire DYM
Buy DYM 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 DYM 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 DYM 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 DYM Staking
FAQ: DYM Staking on BENQI
What APY can I earn staking DYM on BENQI?
The current estimated APY for DYM staking is around 13.5%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking DYM on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for DYM 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 DYM from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your DYM won't earn rewards.
What fees does BENQI charge for DYM staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake DYM on other platforms?
Yes! You can compare all available platforms for DYM staking on our How to Stake Dymension guide. Different platforms offer different APY rates, fees, and custody models.