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How to Stake GMX (GMX) on BENQI

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

Current APY

14.0%

Price

$5.73

Platform Fee

10%

Platform Type

liquid

Start Staking GMX on BENQI

BENQI gives you full control of your assets.

Stake GMX on BENQI →

Step-by-Step: Stake GMX on BENQI

1

Get a compatible wallet

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

2

Acquire GMX

Buy GMX 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 GMX 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 GMX 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: GMX Staking on BENQI

What APY can I earn staking GMX on BENQI?
The current estimated APY for GMX staking is around 14.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking GMX on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for GMX 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 GMX from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your GMX won't earn rewards.
What fees does BENQI charge for GMX staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake GMX on other platforms?
Yes! You can compare all available platforms for GMX staking on our How to Stake GMX guide. Different platforms offer different APY rates, fees, and custody models.