How to Stake MATIC (migrated to POL) (MATIC) on BENQI
BENQI may not directly support MATIC staking, but you can still use BENQI to buy MATIC and transfer it for staking.
Current APY
5.0%
Price
$0.0000
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake MATIC on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports MATIC (migrated to POL)'s network.
2
Acquire MATIC
Buy MATIC 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 MATIC 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 MATIC 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 MATIC Staking
FAQ: MATIC Staking on BENQI
What APY can I earn staking MATIC on BENQI?
The current estimated APY for MATIC staking is around 5.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking MATIC on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for MATIC 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 MATIC from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your MATIC won't earn rewards.
What fees does BENQI charge for MATIC staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake MATIC on other platforms?
Yes! You can compare all available platforms for MATIC staking on our How to Stake MATIC (migrated to POL) guide. Different platforms offer different APY rates, fees, and custody models.