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How to Stake Moneybyte (MON) on BENQI

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

Current APY

12.0%

Price

$0.0702

Platform Fee

10%

Platform Type

liquid

Start Staking MON on BENQI

BENQI gives you full control of your assets.

Stake MON on BENQI →

Step-by-Step: Stake MON on BENQI

1

Get a compatible wallet

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

2

Acquire MON

Buy MON 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 MON 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 MON 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: MON Staking on BENQI

What APY can I earn staking MON on BENQI?
The current estimated APY for MON staking is around 12.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking MON on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for MON 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 MON from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your MON won't earn rewards.
What fees does BENQI charge for MON staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake MON on other platforms?
Yes! You can compare all available platforms for MON staking on our How to Stake Moneybyte guide. Different platforms offer different APY rates, fees, and custody models.