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How to Stake Looping Collective (LOOP) on BENQI

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

Current APY

10.0%

Price

$0.0039

Platform Fee

10%

Platform Type

liquid

Start Staking LOOP on BENQI

BENQI gives you full control of your assets.

Stake LOOP on BENQI →

Step-by-Step: Stake LOOP on BENQI

1

Get a compatible wallet

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

2

Acquire LOOP

Buy LOOP 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 LOOP 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 LOOP 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: LOOP Staking on BENQI

What APY can I earn staking LOOP on BENQI?
The current estimated APY for LOOP staking is around 10.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking LOOP on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for LOOP 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 LOOP from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your LOOP won't earn rewards.
What fees does BENQI charge for LOOP staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake LOOP on other platforms?
Yes! You can compare all available platforms for LOOP staking on our How to Stake Looping Collective guide. Different platforms offer different APY rates, fees, and custody models.