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How to Stake Ethena (ENA) on BENQI

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

Current APY

25.0%

Price

$0.0956

Platform Fee

10%

Platform Type

liquid

Start Staking ENA on BENQI

BENQI gives you full control of your assets.

Stake ENA on BENQI →

Step-by-Step: Stake ENA on BENQI

1

Get a compatible wallet

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

2

Acquire ENA

Buy ENA 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 ENA 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 ENA 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: ENA Staking on BENQI

What APY can I earn staking ENA on BENQI?
The current estimated APY for ENA staking is around 25.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking ENA on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for ENA 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 ENA from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your ENA won't earn rewards.
What fees does BENQI charge for ENA staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake ENA on other platforms?
Yes! You can compare all available platforms for ENA staking on our How to Stake Ethena guide. Different platforms offer different APY rates, fees, and custody models.