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How to Stake Midnight (NIGHT) on BENQI

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

Current APY

0.0%

Price

$0.0409

Platform Fee

10%

Platform Type

liquid

Start Staking NIGHT on BENQI

BENQI gives you full control of your assets.

Stake NIGHT on BENQI →

Step-by-Step: Stake NIGHT on BENQI

1

Get a compatible wallet

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

2

Acquire NIGHT

Buy NIGHT 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 NIGHT 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 NIGHT 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: NIGHT Staking on BENQI

What APY can I earn staking NIGHT on BENQI?
The current estimated APY for NIGHT staking is around 0.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking NIGHT on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for NIGHT 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 NIGHT from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your NIGHT won't earn rewards.
What fees does BENQI charge for NIGHT staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake NIGHT on other platforms?
Yes! You can compare all available platforms for NIGHT staking on our How to Stake Midnight guide. Different platforms offer different APY rates, fees, and custody models.