How to Stake Flash Liquidity Token (FLP.1) on BENQI
BENQI may not directly support FLP.1 staking, but you can still use BENQI to buy FLP.1 and transfer it for staking.
Current APY
4.0%
Price
$0.9112
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake FLP.1 on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Flash Liquidity Token's network.
2
Acquire FLP.1
Buy FLP.1 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 FLP.1 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 FLP.1 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: FLP.1 Staking on BENQI
What APY can I earn staking FLP.1 on BENQI?
The current estimated APY for FLP.1 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 FLP.1 on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for FLP.1 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 FLP.1 from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your FLP.1 won't earn rewards.
What fees does BENQI charge for FLP.1 staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake FLP.1 on other platforms?
Yes! You can compare all available platforms for FLP.1 staking on our How to Stake Flash Liquidity Token guide. Different platforms offer different APY rates, fees, and custody models.