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How to Stake Hyperliquid (HYPE) on BENQI

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

Current APY

20.0%

Price

$38.63

Platform Fee

10%

Platform Type

liquid

Start Staking HYPE on BENQI

BENQI gives you full control of your assets.

Stake HYPE on BENQI →

Step-by-Step: Stake HYPE on BENQI

1

Get a compatible wallet

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

2

Acquire HYPE

Buy HYPE 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 HYPE 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 HYPE 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: HYPE Staking on BENQI

What APY can I earn staking HYPE on BENQI?
The current estimated APY for HYPE staking is around 20.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking HYPE on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for HYPE 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 HYPE from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your HYPE won't earn rewards.
What fees does BENQI charge for HYPE staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake HYPE on other platforms?
Yes! You can compare all available platforms for HYPE staking on our How to Stake Hyperliquid guide. Different platforms offer different APY rates, fees, and custody models.