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How to Stake EigenCloud (prev. EigenLayer) (EIGEN) on BENQI

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

Current APY

4.0%

Price

$0.1635

Platform Fee

10%

Platform Type

liquid

Start Staking EIGEN on BENQI

BENQI gives you full control of your assets.

Stake EIGEN on BENQI →

Step-by-Step: Stake EIGEN on BENQI

1

Get a compatible wallet

You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports EigenCloud (prev. EigenLayer)'s network.

2

Acquire EIGEN

Buy EIGEN 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 EIGEN 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 EIGEN 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: EIGEN Staking on BENQI

What APY can I earn staking EIGEN on BENQI?
The current estimated APY for EIGEN staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking EIGEN on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for EIGEN 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 EIGEN from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your EIGEN won't earn rewards.
What fees does BENQI charge for EIGEN staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake EIGEN on other platforms?
Yes! You can compare all available platforms for EIGEN staking on our How to Stake EigenCloud (prev. EigenLayer) guide. Different platforms offer different APY rates, fees, and custody models.