How to Stake Orchai Protocol Staked Compound ATOM (SCATOM) on BENQI
BENQI may not directly support SCATOM staking, but you can still use BENQI to buy SCATOM and transfer it for staking.
Current APY
4.0%
Price
$0.0000
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake SCATOM on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Orchai Protocol Staked Compound ATOM's network.
2
Acquire SCATOM
Buy SCATOM 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 SCATOM 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 SCATOM 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: SCATOM Staking on BENQI
What APY can I earn staking SCATOM on BENQI?
The current estimated APY for SCATOM staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking SCATOM on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for SCATOM 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 SCATOM from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your SCATOM won't earn rewards.
What fees does BENQI charge for SCATOM staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake SCATOM on other platforms?
Yes! You can compare all available platforms for SCATOM staking on our How to Stake Orchai Protocol Staked Compound ATOM guide. Different platforms offer different APY rates, fees, and custody models.