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How to Stake Pendle (PENDLE) on BENQI

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

Current APY

20.0%

Price

$1.02

Platform Fee

10%

Platform Type

liquid

Start Staking PENDLE on BENQI

BENQI gives you full control of your assets.

Stake PENDLE on BENQI →

Step-by-Step: Stake PENDLE on BENQI

1

Get a compatible wallet

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

2

Acquire PENDLE

Buy PENDLE 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 PENDLE 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 PENDLE 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: PENDLE Staking on BENQI

What APY can I earn staking PENDLE on BENQI?
The current estimated APY for PENDLE staking is around 20.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking PENDLE on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for PENDLE 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 PENDLE from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your PENDLE won't earn rewards.
What fees does BENQI charge for PENDLE staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake PENDLE on other platforms?
Yes! You can compare all available platforms for PENDLE staking on our How to Stake Pendle guide. Different platforms offer different APY rates, fees, and custody models.