How to Stake Moonbeam (GLMR) on BENQI
BENQI may not directly support GLMR staking, but you can still use BENQI to buy GLMR and transfer it for staking.
Current APY
12.0%
Price
$0.0109
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake GLMR on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Moonbeam's network.
2
Acquire GLMR
Buy GLMR 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 GLMR 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 GLMR 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 GLMR Staking
FAQ: GLMR Staking on BENQI
What APY can I earn staking GLMR on BENQI?
The current estimated APY for GLMR 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 GLMR on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for GLMR 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 GLMR from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your GLMR won't earn rewards.
What fees does BENQI charge for GLMR staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake GLMR on other platforms?
Yes! You can compare all available platforms for GLMR staking on our How to Stake Moonbeam guide. Different platforms offer different APY rates, fees, and custody models.