How to Stake Secret (SCRT) on BENQI
BENQI may not directly support SCRT staking, but you can still use BENQI to buy SCRT and transfer it for staking.
Current APY
26.9%
Price
$0.0965
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake SCRT on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Secret's network.
2
Acquire SCRT
Buy SCRT 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 SCRT 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 SCRT 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: SCRT Staking on BENQI
What APY can I earn staking SCRT on BENQI?
The current estimated APY for SCRT staking is around 26.9%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking SCRT on BENQI safe?
BENQI is a non-custodial protocol with a medium risk profile for SCRT 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 SCRT from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your SCRT won't earn rewards.
What fees does BENQI charge for SCRT staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake SCRT on other platforms?
Yes! You can compare all available platforms for SCRT staking on our How to Stake Secret guide. Different platforms offer different APY rates, fees, and custody models.