How to Stake Sentinel (P2P) on BENQI
BENQI may not directly support P2P staking, but you can still use BENQI to buy P2P and transfer it for staking.
Current APY
12.8%
Price
$0.0002
Platform Fee
10%
Platform Type
liquid
Step-by-Step: Stake P2P on BENQI
1
Get a compatible wallet
You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Sentinel's network.
2
Acquire P2P
Buy P2P 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 P2P 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 P2P 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 P2P Staking
FAQ: P2P Staking on BENQI
What APY can I earn staking P2P on BENQI?
The current estimated APY for P2P staking is around 12.8%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking P2P on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for P2P 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 P2P from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your P2P won't earn rewards.
What fees does BENQI charge for P2P staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake P2P on other platforms?
Yes! You can compare all available platforms for P2P staking on our How to Stake Sentinel guide. Different platforms offer different APY rates, fees, and custody models.