stacky.

How to Stake Kusama (KSM) on BENQI

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

Current APY

15.0%

Price

$4.21

Platform Fee

10%

Platform Type

liquid

Start Staking KSM on BENQI

BENQI gives you full control of your assets.

Stake KSM on BENQI →

Step-by-Step: Stake KSM on BENQI

1

Get a compatible wallet

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

2

Acquire KSM

Buy KSM 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 KSM 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 KSM 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

Other Platforms for KSM Staking

🐙Kraken

Exchange · 10–15% commission on rewards

🔮Talisman

wallet · No platform fee — validator commission only

🔷SubWallet

wallet · No platform fee — validator commission only

🟣Polkadot{.js}

wallet · No platform fee — validator commission only

🌟Nova Wallet

wallet · No platform fee — validator commission only

🦁Fearless Wallet

wallet · No platform fee — validator commission only

FAQ: KSM Staking on BENQI

What APY can I earn staking KSM on BENQI?
The current estimated APY for KSM staking is around 15.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking KSM on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for KSM 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 KSM from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your KSM won't earn rewards.
What fees does BENQI charge for KSM staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake KSM on other platforms?
Yes! You can compare all available platforms for KSM staking on our How to Stake Kusama guide. Different platforms offer different APY rates, fees, and custody models.