stacky.

How to Stake ShMonad (SHMON) on BENQI

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

Current APY

15.9%

Price

$0.0556

Platform Fee

10%

Platform Type

liquid

Start Staking SHMON on BENQI

BENQI gives you full control of your assets.

Stake SHMON on BENQI →

Step-by-Step: Stake SHMON on BENQI

1

Get a compatible wallet

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

2

Acquire SHMON

Buy SHMON 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 SHMON 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 SHMON 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: SHMON Staking on BENQI

What APY can I earn staking SHMON on BENQI?
The current estimated APY for SHMON staking is around 15.9%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking SHMON on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for SHMON 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 SHMON from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your SHMON won't earn rewards.
What fees does BENQI charge for SHMON staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake SHMON on other platforms?
Yes! You can compare all available platforms for SHMON staking on our How to Stake ShMonad guide. Different platforms offer different APY rates, fees, and custody models.